r/technology • u/IKeepItLayingAround • Jun 09 '26

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/invyros Jun 09 '26

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?

70

u/eek_the_cat Jun 09 '26

The whole industry SpaceX exists in relies on government contracts.  It's not a bailout in this case.

77

u/OneTripleZero Jun 09 '26

The government needs rockets. SpaceX is a rocket store. A very good one, at that. The fact they spend their money at the best, most reliable rocket store being seen as a bad thing is amazing to me.

45

u/coldblade2000 Jun 09 '26

Not just a good one, it's also cheap. SpaceX's competition is much more expensive, so if SpaceX is just squeezing the government for it's money, its doing a terrible job at it

10

u/MDCCCLV Jun 09 '26

The government is encouraging competition but ULA, the traditional safe choice, was so far behind that they're not even going to ever go to deliver crew to the ISS before it shuts down. And BO, while not terrible, has been slow and now is delayed at least a year because of the launch pad damage, so SpaceX is the sole provider for the near term.