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To: SeekAndFind
the flight nevertheless provided public vindication for Mr. Musk, who invested more than $100 million of his personal fortune in the company

And to think that idiot Meg Whitman spent $163 million to lose to Jerry Brown. She could have spent just $63 million and started a competing rocket company at the same time and we'd be in the midst of the coolest free-market capitalist space race ever.

FWIW there is no doubt in my mind that Elon is going to earn back every dime of it over the next several years.

4 posted on 12/11/2010 1:26:28 PM PST by ElkGroveDan (He's not the Messiah, he's a very naughty boy!)
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To: ElkGroveDan
FWIW there is no doubt in my mind that Elon is going to earn back every dime of it over the next several years.

Its has a high barrier to entry, and most of its soverign competitors are having money problems. It ought to be very profitable.

7 posted on 12/11/2010 1:31:05 PM PST by Vince Ferrer
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To: ElkGroveDan

RE: Meg Whitman

You’re closer to the cool idea than you might think.

Elon Musk started Pay Pal, which was bought by eBay. Of course Meg Whitman headed eBay when all that happened.


8 posted on 12/11/2010 1:39:27 PM PST by SeekAndFind
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To: ElkGroveDan

Back ground of Elon Musk...


Elon Musk (born June 28, 1971) is a South African-Canadian engineer, entrepreneur and philanthropist best known for co-founding PayPal, SpaceX and Tesla Motors. He is currently the CEO and CTO of SpaceX, CEO and Product Architect of Tesla Motors and Chairman of SolarCity.

In June 2002, Musk founded his third company, Space Exploration Technologies (SpaceX), of which he is currently the CEO and CTO. SpaceX develops and manufactures space launch vehicles, with an emphasis on low cost and high reliability. The company’s first two launch vehicles are the Falcon 1 and Falcon 9 rockets and its first spacecraft is Dragon.

On 23 December 2008, SpaceX was awarded a $1.6 billion NASA contract for 12 flights of their Falcon 9 rocket and Dragon spacecraft to the International Space Station, replacing the Space Shuttle after it retires in 2010. Initially, Falcon 9/Dragon will replace the cargo transport function of the Shuttle and astronaut transport will be handled by the Soyuz. However, SpaceX has designed Falcon 9/Dragon with astronaut transport in mind and the Augustine commission has recommended that astronaut transport be handled by commercial companies like SpaceX.

Musk views space exploration as an important step in expanding—if not preserving—the consciousness of human life.

Musk has said that multiplanetary life may serve as a hedge against threats to the survival of the human species. “An asteroid or a super volcano could destroy us, and we face risks the dinosaurs never saw: An engineered virus, inadvertent creation of a micro black hole, catastrophic global warming or some as-yet-unknown technology could spell the end of us. Humankind evolved over millions of years, but in the last sixty years atomic weaponry created the potential to extinguish ourselves. Sooner or later, we must expand life beyond this green and blue ball—or go extinct.”

Musk’s goal is to reduce the cost of human spaceflight by a factor of 100. He founded SpaceX with $100 million of his early fortune. He remains chief executive officer and chief technology officer of the Hawthorne, Calif.-based company.
In seven years, SpaceX has designed the family of Falcon launch vehicles and the Dragon multi-purpose spacecraft from the ground-up. In September 2009, SpaceX’s Falcon 1 rocket became the first privately funded liquid-fueled vehicle to put a satellite into Earth orbit. NASA selected SpaceX to be part of the first program that entrusts private companies to deliver cargo to the International Space Station. This contract, which has a minimum value of $1.6 billion and a maximum value of $3.1 billion, has become a cornerstone of the Space Station. In addition to these services, SpaceX’s goals include simultaneously lowering the price of orbital spaceflight and improving reliability, both by a factor of ten, while creating the first fully reusable orbital launch vehicle. In the coming years, Musk will focus on delivering astronauts to the International Space Station, and even Mars.


10 posted on 12/11/2010 1:43:37 PM PST by SeekAndFind
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