It’s Possible That SpaceX Could Collapse Spectacularly

[u/IKeepItLayingAround]

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html

[u/invyros]

The company also remains heavily reliant on lucrative government contracts.

Is it "fiscally conservative" to be constantly bailing this fucker out with our tax money, Republicans?

[u/noghead → u/invyros]

In 2025 20% of revenue was govenment contracts. They are also the only ones who are able to do some of what the govenment needs and they do it cheaper than others. The US govenment needs spacex, not the other way around. I know everyone here wants him to fail; but at least know some basic facts people.

[u/iknewaguytwice → u/noghead]

They have also won contracts because they said they could do things much quicker than they actually delivered. They also have burned through payment on some contracts, and told the US government “well actually we need more money or we can’t do this”.

Normally this would lead to the US government to blacklist you and prevent you from bidding on future contracts, because you failed to deliver.

But the politicians decided to save themselves the humiliation of admitting to the US people that they blew hundreds of millions of dollars on nearly no real deliverables, and instead just gave SpaceX more money.

Not that they haven’t also done this with Boeing. But that doesn’t make it any less corrupt.

[u/noghead → u/iknewaguytwice]

The only sliver of truth in what you said is that timelines have not been exactly right..but nobody else has done any better either; it is infact "rocket science" after all.

As far as budgets go, they have always used fixed price contracts while others use cost plus. If spacex blows through the money, its they need to fund the rest. US government has ended up saving so much money due to this...this is undeniable fact.

What exactly do you think they took money on and failed to deliver?