@SquawkCNBC I am glad Joe called him out. This permabear has been calling for market doomsday for decades. At some point he will be right but also at some point somebody’s got to call him out!
@leshka_eth So tired of these guys like Chanos and Burry that were right ONCE! and have been wrong multiple times since; but somehow people still believe they have any credibility. Spare me the BS!
@EricLDaugh Been supportive of his agenda but this is a shitty deal either way you slice it. Happy with the markets and the price of oil but all we’ve managed to do with this deal is push this conflict out a few years. This is not over.
🇺🇸 Obama:
"As unsettled as we are, people aren't looking for perpetual anger and division.
They are looking for fairness and common sense and mutual respect"
This is the guy whose party spent years calling half the country fascists
Writer: Oliver
https://t.co/yz14dqeGvc
Kimbal Musk explains United States Government wants to pay $1 billion dollars per rocket launch
SpaceX came along and said no, the price is way lower at only $50 million
US Government pushed back and wanted the cost $1 billion dollars per launch
“Government would say, "But we'll pay you $1 billion. We just want you to do it our way." No, but that's the wrong way. You have to do it this way. It's $50 million. We were very happy with that price. The government was like, "No, we don't want that." And we actually couldn't believe it. We're like, "But you must want it for a lower price." Actually, they didn't care that much about price.”
Basically it works like this
Old defense contractors can spend as much as they want and the government will pay that amount plus 10%. That means they have an incentive to make the launches as expensive as possible
SpaceX said here’s a fixed price of $50 million and if we can do it cheaper then we can keep the extra money
This is a much better incentive system because it saves taxpayers a huge amount of money and SpaceX gets rewarded for making launches cheaper