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SpaceX Move May Challenge Howmet Aerospace's Growth

September 5, 2026

2 min read

Key Takeaways

SpaceX plans to manufacture gas-turbine blades and vanes in-house.
Howmet Aerospace's shares fell 7.5% following the announcement.
Howmet holds over 50% of the global market for industrial gas-turbine blades.
The company's gas-turbine revenue surged 38% in the latest quarter.

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Strategic Implications

SpaceX's move may indicate a trend towards vertical integration in the industry, which could challenge Howmet Aerospace's market position. The development suggests that major power users may seek to bypass supply-chain bottlenecks, potentially reducing their reliance on specialized suppliers like Howmet.

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What Happened

Elon Musk's Vertical Integration Plans Spark Concerns

SpaceX’s announcement to bring the casting of natural-gas turbine blades and vanes in-house has dealt a significant blow to Howmet Aerospace’s stock, with shares plummeting 7.5%. Howmet has built a strong position in the turbine-blade market, holding over 50% of the global market share. The company’s gas-turbine revenue has seen substantial growth, surging 38% in the latest quarter. However, SpaceX’s plans may challenge this growth story, as the move towards vertical integration could potentially reduce the company’s reliance on external suppliers. This development was reported by Barchart.

Source | Originally Published: September 5, 2026

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