Article Image

IPFS News Link • Space Travel and Exploration

Future Elon and SpaceX Domination Will Be Like Rockefeller and Standard Oil

• https://www.nextbigfuture.com, Brian Wang

Standard Oil created massive price advantages and scale beyond its competitors. It grew by increasing sales and through acquisitions. In 1868, the Lake Shore Railroad, a part of the New York Central, gave Rockefeller's a transportation rate of one cent a gallon or forty-two cents a barrel. This was a 71% discount for a promise to ship at least 60 carloads of oil daily. Smaller companies could not produce enough oil to qualify for discounts.

SpaceX already has a price advantage for rocket launch. They are already about ten times cheaper than ULA and have big cost advantages over Russia and China.

Standard was able to have kerosene prices drop from 58 to 26 cents from 1865 to 1870. Rockefeller used the Erie canal as a cheap alternative form of transportation to ship his refined oil from Cleveland to New York City.


www.universityofreason.com/a/29887/KWADzukm