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To: JRandomFreeper

I wonder if you or I could get one of those contracts.

No existing company, no past performance, no product, no knowledge of the process.

Yeah thats a sweetheart deal you are defending.


64 posted on 04/01/2013 7:30:13 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver
I wonder if you or I could get one of those contracts.

It's not that much of a deal, if you look at the financials. Musk dropped $100 million into it. Other folks dropped in about another $100 million of private capitalization.

I know I can't put $100M into a company, I have ex-wives. Can you?

Musk started this in 2002. They do get progress payments for meeting milestones. It's 2013, and cap is around $1B or so, last I heard.

/johnny

66 posted on 04/01/2013 7:44:14 PM PDT by JRandomFreeper (Gone Galt)
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