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I think 'companion' would be more accurate than 'competitor'.
Different markets. Elon's going big and neglecting the small, RL is filling in the gap.

[–] xyzzy 1 points (+1|-0)

Elon isn't neglecting the small, he tries to go bog soon, but the small launches are still the main business.

That's not my understanding.
The Falcon 1 was retired and I don't believe there are any plans to revive it.
The Falcon 9 is the smallest rocket they will be using in the future.

[–] xyzzy 1 points (+1|-0)

My understanding differs. They probably pulled the plug on Falcon 1 because it was too expensive per kg put into orbit. Falcon9 is more efficient.