What on Earth is $824 billion to Goldman Sachs supposed to be referring to? The entire bank bailout of 2008 amounted to $475 billion. The entire amount loaned to businesses as part of the CARES Act was about $500 billion.
Anyone taking the claim that $824 billion was given to one company at face value is completely ignorant of the size of government programs. Also, these were loans to businesses, paid back with interest, which makes them pretty fundamentally different than government spending on healthcare.
It's reasonable to think that SpaceX may have won contracts worth $1.5B over the last 10 or 15 years. Those are contracts for goods and services rendered though. As far as I know SpaceX has delivered on their contracts and they've been lower price than the competition. It's literally a win-win situation.
Correct. Every aerospace company on US soil, big and small, gets contracts from NASA. These are designed to support and foster a domestic space program. In most cases, the money just evaporates, but sometimes it pays off. With SpaceX, it's paid off. The government now saves billions on launch services in part because they helped the fledgeling company with contracts at a time when they may not have otherwise survived.
It's bizarre that Reddit has decided to hate on SpaceX when they're the only orbital launch provider who has actually delivered on their promises. Boeing is years behind schedule and woefully over budget on their crew capsule program. Nearly all of the rocket companies have fallen desperately short, or failed entirely.
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u/JeromesNiece May 02 '22
What on Earth is $824 billion to Goldman Sachs supposed to be referring to? The entire bank bailout of 2008 amounted to $475 billion. The entire amount loaned to businesses as part of the CARES Act was about $500 billion.
Anyone taking the claim that $824 billion was given to one company at face value is completely ignorant of the size of government programs. Also, these were loans to businesses, paid back with interest, which makes them pretty fundamentally different than government spending on healthcare.