News for hackers. Stuff that matters.

A comment on No Science, No Startups: The Innovation Engine We're Switching Off. Parent comment

Re:No Science, No Startups: The Innovation Engine We're Swit... by ThrowawayTestr on Tuesday October 14, 2025 @03:41PM (#45583909)
SpaceX was funded by Musk until it started making money. I don't think he was even a billionaire when he founded it.
[ Parent | on HN ]
Re:No Science, No Startups: The Innovation Engine We're Swit... by gamblor956 on Tuesday October 14, 2025 @11:02PM (#45587670)
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...
[ Parent | on HN ]
Re:No Science, No Startups: The Innovation Engine We're Swit... by oskarkk on Wednesday October 15, 2025 @01:29AM (#45588373)
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).
[ Parent | on HN ]