Space Fact #29: SpaceX Got $3B in NASA Contracts
/Elon Musk put up $100 million of his own money for SpaceX and received $3 billion in contracts from NASA
Read MoreElon Musk put up $100 million of his own money for SpaceX and received $3 billion in contracts from NASA
Read MoreIt's a mistake to think that private industry has taken over space. Government catalyzes the space economy in three ways: assuming risk, pushing the bounds of technology, and issuing contracts.
Read MoreSpaceX has been amazing. It's an excellent government contractor.
Read MoreCan Elon Musk and Jeff Bezos pay for everything in space? Not even a fraction of it. One big reason: risk.
Read MoreIt really wasn’t that long ago when the two greatest superpowers were vying to put satellites into space. Now, 50 nations have their own satellites in low Earth orbit. If you’re a Thailand, say, you can call Space Systems/Loral, a Canadian-owned company based in Palo Alto, California, and tell them you want to put a satellite into geostationary orbit for television broadcasting or military communications. You can have the thing in orbit 25,000 miles above Earth within two years.