Space-X had small incentives/subsidy from Federal government, mostly from NASA, over the years. They also received small subsidy from state of Texas for building a rocket launch facility.
Comparing this one time $20 million with $1 billion(Billion not Million) a year ULA(United Launch Alliance) a joint venture of Boeing and Lockheed Martin received, even if they don't launch any rocket.
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SpaceX, though it depends far more on government contracts than subsidies, received an incentive package in Texas for a commercial rocket launch facility. The state put up more than $15 million in subsidies and infrastructure spending to help SpaceX build a launch pad in rural Cameron County at the southern tip of Texas. Local governments contributed an additional $5 million.
Included in the local subsidies is a 15-year property tax break from the local school district worth $3.1 million to SpaceX. Officials say the development still will bring in about $5 million more over that period than the local school district otherwise would have collected.
"That's $5 million more than we have ever seen from that property," said Dr. Lisa Garcia, superintendent of the Point Isabel Independent School District. "It is remote.... It is just sand dunes."
Source: http://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html
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SpaceX can facilitate launches for less than $100 million. To place some context with that figure: ULA's average price per launch sits at $380 million, an astoundingly high amount in comparison just for the launch itself. Furthermore, the average price of the GPS satellites launched with some of these rockets sits at around $140 million. This means that with a SpaceX launch you can buy both the satellite and the launch, and still have well over $100 million in savings compared to just a ULA launch alone.
The financial icing to this egregiously overvalued cake is the $1 billion annual subsidy ULA receives, allotted simply for overhead costs and personnel, even if it doesn't launch a single rocket. To reiterate: they receive $1 billion annually in a retainer fee of sorts even if they launch nothing for the Government.
Source: http://seekingalpha.com/article/2495415-...launch-monopoly
Why people are screaming about $20 million Space-X received from state of Texas for building a rocket launch facility and creating some jobs there, and nobody say a word about Federal Government is paying $1 billion a year to 2 giant companies even if they do nothing.
Is it okay for ULA to charge $380 million per launch using Russian rocket engine, while Space-X charge less than $100 using made in USA engine ?
Comparing this one time $20 million with $1 billion(Billion not Million) a year ULA(United Launch Alliance) a joint venture of Boeing and Lockheed Martin received, even if they don't launch any rocket.
Quote:
SpaceX, though it depends far more on government contracts than subsidies, received an incentive package in Texas for a commercial rocket launch facility. The state put up more than $15 million in subsidies and infrastructure spending to help SpaceX build a launch pad in rural Cameron County at the southern tip of Texas. Local governments contributed an additional $5 million.
Included in the local subsidies is a 15-year property tax break from the local school district worth $3.1 million to SpaceX. Officials say the development still will bring in about $5 million more over that period than the local school district otherwise would have collected.
"That's $5 million more than we have ever seen from that property," said Dr. Lisa Garcia, superintendent of the Point Isabel Independent School District. "It is remote.... It is just sand dunes."
Source: http://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html
Quote:
SpaceX can facilitate launches for less than $100 million. To place some context with that figure: ULA's average price per launch sits at $380 million, an astoundingly high amount in comparison just for the launch itself. Furthermore, the average price of the GPS satellites launched with some of these rockets sits at around $140 million. This means that with a SpaceX launch you can buy both the satellite and the launch, and still have well over $100 million in savings compared to just a ULA launch alone.
The financial icing to this egregiously overvalued cake is the $1 billion annual subsidy ULA receives, allotted simply for overhead costs and personnel, even if it doesn't launch a single rocket. To reiterate: they receive $1 billion annually in a retainer fee of sorts even if they launch nothing for the Government.
Source: http://seekingalpha.com/article/2495415-...launch-monopoly
Why people are screaming about $20 million Space-X received from state of Texas for building a rocket launch facility and creating some jobs there, and nobody say a word about Federal Government is paying $1 billion a year to 2 giant companies even if they do nothing.
Is it okay for ULA to charge $380 million per launch using Russian rocket engine, while Space-X charge less than $100 using made in USA engine ?
