Glad this is happening. ULA is a good launch provider even if they are insanely expensive vs SpaceX. Yes, Elon is right, SpaceX did it cheaper, faster everything that you'd dream of. But, from a policy making standpoint, you always need to diversify at the expense of upfront money because the downsides risks are too high if you put all your eggs in one basket. That said - I do wish Boeing+ULA would get it's act toget…
The chances of SpaceX failing in an irrecoverable way are zero. In some sort of crazy black swan event, a public offering of stock/equity would easily bring in vast sums for them. They even managed to get through COVID unscathed. The main danger of relying on a single provider is them taking advantage of that position and charging unreasonable rates, exactly like Boeing/Lockheed have been doing for decades (two compa…
Financially, there is almost zero chance for SpaceX to go under at the point they're at - every launch is profitable for them and the margin goes up with each time they can re-use any component, for boosters their record holder was at 19 launches until it was taken out by bad weather during transport [1].
The real danger for SpaceX is Elon Musk, plain and simple. Either he does something really stupid, something even more dumb than playing personal CSR for neo-Nazis, and the US government says "okay, that's f...ing enough now" as a result, or he goes completely against the US government: push for Mars because he finds out he has some sort of cancer or whatnot and wants to die there while the US government wants to first focus on the moon, or turn off services to Ukraine and instead provide services to Russia... or sell critical information to Russia, China or whatever just to stick the finger to the US government (aka, follow the Trumpian way of "I do what I want, what do they wanna do lol").
Yes, the US government can always go and nationalize SpaceX if need be, so it's not too high of a risk for SpaceX to go completely belly-up, but it would mean years upon years of nasty judicial fights.
[1] https://interestingengineering.com/culture/falcon-9-spacexs-...