Comment by ThrowawayTestr
11 hours ago
SpaceX was funded by Musk until it started making money. I don't think he was even a billionaire when he founded it.
11 hours ago
SpaceX was funded by Musk until it started making money. I don't think he was even a billionaire when he founded it.
If by funded you mean SpaceX received hundreds of millions in government funding, then yes he funded it himself.... the same way he built Dragon all by himself...
That's how most space launch companies work, they get government contracts to do things for government. ULA (joint venture of Lockheed & Boeing) gets nearly all of its revenue from the government. Musk funded SpaceX until they made enough progress to have NASA consider them worthy of getting a contract for resupplying ISS (and they got other commercial customers).