5 ms·
Look at the actual COTS agreement wording: https://www.nasa.gov/centers/johnson/pdf/189228main_setc_nnj06ta26a.pdf https://www.nasa.gov/centers/johnson/pdf/1892
by georgeg23 3y ago
Look at the actual COTS agreement wording:
https://www.nasa.gov/centers/johnson/pdf/189228main_setc_nnj06ta26a.pdf https://www.nasa.gov/centers/johnson/pdf/189228main_setc_nnj...
page 34 details the milestones.
The first 12 milestones are paper design / powerpoints. Half the money before any hardware development at all.
Mike Griffin structured it this way for Elon.
- dotnet00 3y agoLook, I get that you're trying to be malicious, but you could do a better job than that. They literally describe what the criteria for successful design reviews are in Appendix 3. Hint: Design reviews are not "powerpoints". They're typically several hundred to several thousand page technical documents.
- georgeg23 3y agoThe point is Elon didn't risk his own money as is oft dramatized. In fact they were mostly spreadsheets and PowerPoints to obtain that money which could then be used for build out.