Southern California is poised to be the center of economic growth for the next hundred years - if the government doesn’t screw it up.
There are 50 space startups here. 50!! This is does NOT count SpaceX.
The space economy is literally infinite and Southern California is ground zero.
Do not mess this up bureaucrats.
@SenWarren Have you seen community colleges in California? They are more than fully funded.
You are just pandering to attempt to justify property theft.
Innovation happens when people are incentivized to risks that’s shines their light and be celebrated winners.
The alternative is bureaucratic leaders who have a long history of great ideas on paper that never translate to the real world.
These people that want to do good with their whole heart but have no idea how to actually do it.
@JustineBateman@naval Every smart state and country knows the positive impact these people bring to their economy’s.
There needs to be federal protection of property right enforced.
Can we debunk this nonsense?
Elon Musk was awarded (note: not given) cost-per-result contracts to perform a service for the US government. The total of those for SpaceX specifically is ~$22B, which includes repaid loans, state tax incentives, etc.
The deal was simple: put stuff into LEO at or below a set cost. If SpaceX does it below the set cost, SpaceX keeps the difference. If it doesn’t, the company is responsible for the overrun.
End result? SpaceX & Elon lowered the cost of getting 1 kg into LEO by 95-97% vs what NASA was paying previously.
And for the record, every other company around at the time was offered the same opportunity to bid on the contract - Musk/SpaceX just took it.
The handout narrative implies the taxpayer is the patron and SpaceX the dependent. The cost data shows the opposite: before SpaceX, NASA paid Russia’s Soyuz $80-86M per seat; SpaceX delivered at ~$55 million. SpaceX saved the US taxpayer $300M-$465M each year on that alone (the US sends 12-15 astronauts to space each year)
On the lunar lander, NASA estimated SpaceX’s fixed-price bid saved $20B-$30B vs the Boeing-preferred cost-plus approach.
So: SpaceX saved the US taxpayer more than the total value of contracts it earned on a single project, PLUS provided the US government with the requested services (put stuff in LEO) at the best possible price.
@SHollywoodN@EdMarkey That’s why I think taxes at corporate level are not smart. Government should incentives businesses to domicile with them -and not pick favorites.