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Agreed, but do you think either of the two federal/state governments would even have enough support material available, whether in the form of capital or otherw
by msdz 28d ago
Agreed, but do you think either of the two federal/state governments would even have enough support material available, whether in the form of capital or otherwise (i.e. contracts), to give to Isar Aerospace that would enable them to compete with (at current valuation) a giant like SpaceX?
- sajithdilshan 28d agoBavaria is one of the most richest (if not the most) state in Germany. By GDP alone it's the 7th largest economy in Europe (https://www.vbw.com/int/About-us/Facts-about-Bavaria/index.jsp https://www.vbw.com/int/About-us/Facts-about-Bavaria/index.j...). Of course they have money to support Isar and they should do it to diversify their economy and break the heavy dependency on auto manufacturers.
- msdz 28d ago(As a Bavarian,) I’m acutely aware of the state’s economy – but my point is that SpaceX has an even bigger economy behind it, if the two were to actually be compared or compete. Good point re/ depending on auto makers, though. That also applies to all of Germany…
- ben_w 27d agoBigger economy, yes by about 10x. But despite the spectacle, SpaceX's actual expenses have been around 0.3-0.4% of German GDP in recent years. It's priorities rather than absolute costs that matter here. Germany could absolutely do all of SpaceX as almost a rounding error, but probably has better things for that money to get spent on.
- ben_w 27d ago> Isar Aerospace that would enable them to compete with (at current valuation) a giant like SpaceX? Compete, sure. But disregard SpaceX's valuation, that's driven by Musk's cult of personality rather than business fundamentals.