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No, I said that the money was spent, not lost; it didn't just vanish. They didn't bury it in the back yard and then forget about it, or set it on fire. They've
by db48x 10y ago
No, I said that the money was spent, not lost; it didn't just vanish. They didn't bury it in the back yard and then forget about it, or set it on fire. They've definitely lost future income though, even if they rebuild the satellite and launch it successfully a few years from now. (I know that you usually build a test version of your space hardware, for tests that might be destructive. I wonder if any of those have ever been launched insted?)
It was also spent on something they wanted to spend it on, rather than something they were forced to spend it on. It's still an interesting point though, because they spent it on something that carried significant risk. Does spending money on a glass window, which carries the risk of a broken window, work in the same way? I've not considered the broken-window fallacy from that perspective before. Perhaps it's not, for the same for the same reason that breaking a window is considered a crime and an exploding rocket generally is not.