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Still Waters

'Europe's rocket has no chance'

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The Californian SpaceX chief executive Elon Musk has warned Europe it must replace its Ariane 5 rocket if it wants to keep up with his company.

The low prices the US entrepreneur is quoting for his new Falcon 9 vehicle mean it is winning contracts that in the past would have gone to Ariane.

Mr Musk said that the cost of producing the current European rocket would kill it as a commercial entity.

"Ariane 5 has no chance," he told BBC News.

http://www.bbc.co.uk...onment-20389148

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