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by BulgarianIdiot
1156 days ago
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These companies are never just one person's money, even if they're a billionaire. He went to investors, institutional, and so on, and he did also put money himself, but its mixed funding. And when it was on the verge of bankruptcy, their 4th attempt at self-landing rockets (after 3 failures) showed some promise, so NASA saved them financially by awarding them with a $1.6 billion contract. SpaceX is about 85% funded by the federal government, 15% by Elon and other investors. |
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