Startups can learn from Elon Musk's strategies in SpaceX in several ways. Firstly, they can focus on cost-effectiveness, as SpaceX did to establish itself in the industry. Secondly, they can be prepared to navigate the politics and favoritism that can undermine the fundamentals of capitalism. Lastly, they should be ready to face challenges head-on, much like Musk did when he took on established players in the space industry.

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Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future

Elon Musk's ascension has been described by experts as the fastest bout of wealth creation in history. So how did he do it? In this book, the inventor...

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SpaceX made a name for itself as a low-cost supplier in the industry. But that alone was not enough to win in the space business. Musk also had to navigate the politics, favoritism and protectionism that undermined the fundamentals of capitalism. Steve Jobs faced similar challenges when he took on the music recording industry to bring iTunes and the iPod to market. However, compared to Musk's foes who built weapons and countries for a living, Jobs's challenges may well have been a "walk in the park."

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Elon Musk's journey with SpaceX has challenged existing paradigms in the space industry in several ways. Firstly, SpaceX has disrupted the industry by becoming a low-cost supplier, which was previously dominated by government agencies and large corporations. Secondly, Musk's approach to politics, favoritism, and protectionism has challenged the traditional business practices in the space industry. He has navigated these challenges in a way that undermines the fundamentals of capitalism, similar to how Steve Jobs challenged the music recording industry with iTunes and the iPod. Lastly, Musk's ambitious goals for space exploration, such as colonizing Mars, also challenge the existing focus of the space industry.

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