Congrats! How come European companies still haven't managed to match SpaceX's capabilities? Europe has an incredible talent pool, especially in aerospace, and some of the world’s best expertise in precision engineering, instrumentation, sensors, avionics, and other hard-tech subsystems. A huge amount of the expertise and supply chain for these components is concentrated in Europe. So what are we missing? Is it mainly…
There was a confluence of several factors which helped SpaceX to succeed, and not the least of these was the employee number one. For many years, Tom Mueller has been working in his free time on rather large liquid fuel amateur rockets, which he was building in his garage and which he was launching from some amateur rocketry facilities in the desert. In terms of regulation it was a relatively accessible hobby in the US. At the time Musk found him, he was working on the original "BFR" -- a very large liquid fuel amateur rocket. So the deal was to invest serious money into the project and scale the same no nonsense approach to a small orbital launch vehicle. They were in LA, the center of US aerospace manufacturing, so through Tom's professional connections and knowledge of who was who in the industry, they were able to source the necessary materials, components, and to find the key personnel for their company. Significantly, NASA has already spent probably a decade or more trying to get somebody to produce a cheap small launch vehicle. This did not directly affect SpaceX, but it did fund the R&D for example at Barber-Nichols, which enabled them to offer a turbopump for SpaceX engine at a much lower cost than it would have been possible otherwise.
At first, Musk and Co thought that they would be able to develop the rocket for a few million dollars. But even in the US regulatory environment it turned out that doing everything in compliance with regulations raised the costs to well over a hundred million dollars.
So, Tom's hobby + Musk's activism + industrial ecosystem in the area + NASA's prior support of component vendors + being at the right time to snag the International Space Station delivery contract were all important for SpaceX thriving where so many others have failed.