Posted On: 04/09/2016 2:47:52 PM
Post# of 65629
Quote:
? what amount of subsidies is SpaceX getting? Are you referring to the $278 million ... or are you referring to the the contract awarded for $2.8 billion.
Two points: I'm every bit the admirer that you are of all of his enterprises, even the Librul electric cars, LOL!
I'm thrilled with the Space X landing, I've long wondered when that SF shit from the 50's would start to become reality. Now where's the space station revolving wheel?
Secondly, any Gov subsidies for any of the three enterprises marks him as less than the 'pure capitalist' you believe him to be. He gets the money where he can, good for him.
I don't know how the "estimated US$4.9 billion in government subsidies" is broken out. But the fact is that there is no private, capitalistic, funding available remotely close to that from Gov. subsidies.
Also, that a Gov. contract of $2,8B was awarded further suggests that private capital alone could not support SpaceX.
I see no conflict, no pejorative, in the Gov support of any of Musk's companies. Let's just drop the pretense that it's all pure capitalism.
We didn't get our Land Grant State U. System, the Transcontinental Railroads, the National Interstate Hwy system or the NASA Space Program from JUST private enterprise. Sometimes Gov,, despite conservative dogma, needs to be the spender/subsidizer of FIRST resort.
http://www.washingtonexaminer.com/elon-musks-...le/2547874
https://en.wikipedia.org/wiki/Elon_Musk
Quote:
In 2015, Musk's statements came under further scrutiny after an LA Times article revealed that SpaceX, Tesla Motors and SolarCity had together received an estimated US$4.9 billion in government subsidies; the article further noted Tesla Motors and SolarCity's dependence on government support, their continued annual financial net losses, and questioned the possibility of their self-sufficiency. Numerous analysts also pointed to large amounts of government support as a common point to all three of Musk's companies, with one analyst (Dan Dolev) arguing that Musk "definitely goes where there's government money" .[119
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