Billionaire Elon Musk on Tuesday said that his space venture SpaceX is likely to exceed 90 per cent of all Earth’s payload to low-Earth orbit later this year.

Musk said this, in a post on social media platform X, based on a report that showed that SpaceX aced more than half of the 63 orbital launch attempts worldwide in the first quarter of 2024.

The Tesla and SpaceX CEO noted that this may further increase to “over 99 per cent” once his huge Starship vehicle is launched.

The 400-foot-tall Starship rocket along with the Heavy Booster aims to help land astronauts on the Moon during the crewed Artemis 3 mission in 2026.

“SpaceX might exceed 90 per cent of all Earth payload to orbit later this year. Once Starship is launching at a high rate, probably > 99 per cent,” Musk wrote in a post on X.

“Has to be or we can’t build a city on Mars or base on the Moon. We file almost no patents, so nothing stopping competition from copying us,” he added.

According to a Q1 Launch Report by the Payload website, the five Chinese launchers combined lofted 13.6x less than SpaceX.