Hart and Schneider WSBW
Virgin Orbit's Dan Hart (left) and Rocket Lab's Brad Schneider both expect a winnowing of the small launch vehicle industry in the coming years, with only a handful of companies likely to survive.

The small launch vehicle industry, flush with startups, will likely see a shakeout in the next one to three years with a handful of companies emerging, according to executives of two such ventures.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...