Elon Musk's SpaceX Was Once Called A Dream Seller By This Potent Rival, Now Pierre Ferragu Warns Companies Never To Underestimate Underdog Innovators Like Nokia And BlackBerry Did

Quick Summary:

Pierre Ferragu, an analyst at New Street Research, shared a video where Richard Bowles, the regional sales director for Southeast Asia at Arianespace, had dismissed SpaceX as a mere dream seller in the space industry.

While sharing the video, Ferragu drew parallels between the dismissal of SpaceX and the underestimation of innovators like Nokia and BlackBerry, warning companies not to underestimate underdog innovators.“The arrogance of the disrupted incumbent.

What Happened: The 2013 video shared by Ferragu features Bowles downplaying SpaceX’s ambitions, stating that the company was primarily selling a dream.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Benzinga neuro News Pierre Ferragu Richard Bowles Benzinga Consumer Tech Arianespace Elon Musk Nokia Blackberry SpaceX Stories That Matter Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 04:52:05 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23030402

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