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From Monday's IBD:

Musk, 33, is chief executive of Space Exploration Technologies, a company he founded three years ago with $100 million of his own cash. Musk sold his electronic payment company PayPal to eBay (NasdaqNM:EBAY - News) for $1.5 billion four years ago.


Musk's gambit could pay off. The global market for payload launches is $4 billion a year, mostly companies launching satellites for military and communications customers. SpaceX is entering this market.


"Launching rockets is only a small portion of the business at Boeing, Lockheed and Orbital," Musk said, "but we will absolutely demolish their launch businesses."

The article estimates the launch business as a $4B market. Money attracts competition.

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