18 karma · joined November 4, 2023
That’s—I will only say in my view—excessive, especially since in testimony last year the SpaceX founder, Elon Musk, indicated that the private funding involved was not more than $200 million. $100 million of his own money that he had brought in from a prior enterprise, and then he alluded to the fact—I’m trying to recall the testimony on an ad hoc basis, but the point is that there’s less than $200 million of private capital in SpaceX and $1.2 billion of government capital."
https://historycollection.jsc.nasa.gov/JSCHistoryPortal/hist...
Mike Griffin https://en.wikipedia.org/wiki/Michael_D._Griffin
In 2005, he was appointed NASA Administrator where he pushed for commercial cargo and crew transportation services that saved the company from bankruptcy.
"In February 2018, Griffin was appointed as Under Secretary of Defense for Research and Engineering by Donald Trump. One of his first actions was to create the Space Development Agency.[13][14] The organization was tasked with procuring a proliferated constellation of low Earth orbit satellites to detect Chinese and Russian hypersonic weapons. Commercial contracts for the constellation were given to L3Harris and SpaceX."