2 Americans just landed safely after spending 2 months in space.
11 years ago, an Obama committee concluded that would take 12 years and cost $26 billion. Elon Musk did it in 6 years– for less than $1 billion.
Private competition is always better.
On the other hand, says the LA Times:
Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies
Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.
And he’s built those companies with the help of billions in government subsidies.
Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.
“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”
Like the government is liable to cut Boeing off. Because now, it can.
I’m guessing Musk reckons he could find other customers, if the government stopped paying. But I’m guessing further that a chunk of all that money goes to schmoozing the government to keep on paying. In a decade or two, Musk could be no better than Boeing.
This is “privatisation”, and privatisation isn’t the same as a real market, hence the sneer quotes. Private competition is always better. So are lots of customers spending their own money, instead of just the one, getting its money at gunpoint. Let’s hope that in this case it will turn out to be a step in the right direction. As big as it now feels.