SpaceX’s Market Share in the Commercial Space Launch Industry - What Investors Need to Know

How many SpaceX and other rocket launches happen in a year?

Multiple metrics are used to track space launches. Orbital space launches count spaceflights in which a craft reaches speeds permitting at least one orbit. Spacecraft launches include all vehicles passing either 50 miles' altitude, the Federal Aviation Administration standard, or the Karman line, the international standard set at 62 miles above Earth's surface. Total upmass, measured in kilograms, counts the payload carried into orbit on a spaceflight and excludes the mass of the vehicle that carries it.

Orbital space launches have rapidly increased:

• As recently as 2015, orbital space launches in the U.S. rarely reached even double-digits.
• This decade has seen new records set with each passing year. In all of 2014, for example, just 12 rockets were launched from U.S. spaceports -- one every 30 days.
• In 2025, a rocket launched -- somewhere around the world, and more often than not right here in the U.S. of A. -- roughly once every 30 hours.

These launches are carrying more payload, too. Total upmass more than quintupled from 2020 to 2025, reaching 3,020.5 tons. U.S. payloads accounted for 85% of the total, with Starlink satellites launched by SpaceX making up the majority of the U.S. payloads.

Who is launching all these rockets, and who is putting all this payload in orbit?

Increasingly, the answer to both questions is: SpaceX.

Western rocket stocks competing with the privately-held (but perhaps soon-to-IPO) space giant include United Launch Alliance (ULA), a joint venture between Boeing (BA +0.08%) and Lockheed Martin (LMT -0.21%), Rocket Lab (RKLB -0.52%), and in Europe, Arianespace and its parent company ArianeGroup -- both subsidiaries of aerospace giant Airbus (EADSY +0.94%).

Here’s how many space launches those companies conducted in 2025:

• Arianespace: 7 space launches in 2025
• ULA: 6
• Rocket Lab: 20
• SpaceX: 171

In under two decades, SpaceX has gone from a company on the brink of bankruptcy (in 2008, before the successful orbital launch of its Falcon 1 rocket) to the first private company to orbit a spacecraft (in 2010, with its Dragon space capsule) to arguably the biggest success story in the space industry.

A few SpaceX launch statistics may illustrate their growing market share: In 2014, SpaceX conducted six of the 12 successful U.S. space launches. A year later, it raised $1 billion in funding from early investors Fidelity and Google, began developing Starlink internet satellites, and conducted seven out of America's nine total launches. In 2017, SpaceX's global market share reached an impressive 45% of awarded commercial space contracts, making it the top commercial launch provider.

SpaceX’s dominance has continued to grow in the 2020s. It hit new launch records every year from 2020 to 2024, will set yet another record when 2025 wraps up, and is now responsible for roughly 80% of U.S. space launches.

SpaceX’s commercial launch pace and market share capture have been impressive, to say the least:

• 2020: 25 commercial launches, 64% market share
• 2021: 32 commercial launches, 59% market share
• 2022: 57 commercial launches, 72% market share
• 2023: 92 commercial launches, 80% market share
• 2024: 130 commercial launches, 84% market share
• 2025: 161 commercial launches, 82% market share

Space launches by country

From 1957 until its dissolution in 1991, the USSR conducted 2,760 space launches, more than twice as many as the U.S. (1,221). Despite what the space launch numbers suggest, however, the United States clearly had the more successful space program, winning the race to land humans on the moon, and developing and flying reusable space shuttles 135 times. (The Soviets also developed a shuttle, the Buran, but it flew only once -- uncrewed -- in 1988).

In more recent years, and especially since the start of the Ukraine war, Russian launches have slowed considerably. It has ceded its second-place position in space to China, where launches are accelerating. Still, the U.S. remains far and away the leader in space exploration, launching 7,605 times from 2010 through 2023, versus 3,277 times for the rest of the world combined.