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If you are following along above, even if SpaceX failed, only the government would have lost money spent. The government contract did not take equity so Elon co
by georgeg23 3y ago
If you are following along above, even if SpaceX failed, only the government would have lost money spent. The government contract did not take equity so Elon could liquidate and get all his money back. His cash investment was very little compare to government up front money provided by Griffin.
- nickpp 3y agoIf SpaceX failed all the money in the company would've been gone.
- georgeg23 3y agoThey had no debt, and plenty of assets funded by the government. Other failed rocket companies liquidated and return value to investors. Elon only had to recover 10% of the spend to be made fully whole. Read the links above, this is not speculation.
- nickpp 3y agoThis is pure baseless speculation.