Thursday, November 07, 2024

Business

NASA Saved SpaceX With $1.5 Billion Contract. “It’s True,” Says Elon Musk

NASA Saved SpaceX With $1.5 Billion Contract. It's True Says Elon Musk

It may appear that billionaire entrepreneur Elon Musk has found success easily and quickly in every project he has picked thus far – like Tesla and SpaceX. But the journey has been faraway from smooth, consistent with him. At one point his private space company was almost broke and Mr Musk didn’t have a clue the way to resurrect it. At that point , NASA came to Mr Musk’s rescue and saved SpaceX with a $1.5 billion contract, the tech tycoon has said in an interview. A video of the interview was shared on Twitter by Tesla owners of Silicon Valley the worldwide centre for innovation. And Mr Musk reacted to the video saying, “It’s true”.
Mr Musk said within the interview when NASA called with the offer, he “could not even hold the components”. “I just spill it out: i really like you guys.”

The interviewer asked him, “They saved you?”

“Yeah, they did,” Mr Musk replied.

Financially and perhaps emotionally, the interviewer continued.

“I will tell you, that was definitely helpful,” said Mr Musk, appearing to be overcome by the memory of these difficult days. The video has received quite 2,20,000 views.

“I will tell you, that was definitely helpful,” said Mr Musk, appearing to be overcome by the memory of these difficult days. The video has received quite 2,20,000 views.

But just two days before Christmas, NASA announced it had been awarding commercial cargo contracts to SpaceX for 12 flights. The contract was valued at $1.6 billion, about an equivalent as Mr Musk talked about within the interview.

Mr Musk founded SpaceX in 2002 with an aim to scale back space transportation costs to be ready to colonise Mars at some point .

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