Elon Musk recently provided the first big update on SpaceX's Mars-bound rocket, Starship, and its competitors are watching on with "a mix of awe and horror", according to a report from Politico.

At his latest Starship presentation, SpaceX CEO Musk highlighted the fact that Starship will be reusable over and over again at a fraction of the cost of previous rockets. It's a development that threatens to leave NASA and other competitors in its wake as it launches to the proverbial stratosphere.

While it has long been known that Starship would be reusable, the advanced capabilities reportedly have other space organizations, including NASA, worried that their own in-development rocket projects will be rendered obsolete.

"They are shitting the bed," one top Washington space lobbyist told Politico under conditions of anonymity.

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