It Turns Out SpaceX and Tesla Get Way More Government Money … – Futurism
His decision to slap a "government-funded media" label on NPR's Twitter account makes no sense.The Taxman Cometh
It looks like Elon Musk needs to put his or the taxpayer's money where his mouth is when it comes to "government-funded" enterprises.
The Twitter owner's controversial decision to slap a "government-funded media" label on NPR's account led to the independent public broadcaster's exitfrom the social network.
Many saw the move as hypocritical, Gizmodo reports, since several of Musk's ventures, including SpaceX and Tesla rely far more on government funding.
While NPRdoes receive public grants, they only account for one percent of its revenue, the nonprofit news service claims. Those grants were only one percent of the organization's $309 million revenue last year, though that percentage doesn't include the government grants some of NPR's local affiliates use to pay their licensing fees.
Compared to the amount of money Musk's ventures have received from the government over the years, that's chump change.
SpaceX alonegot a whopping $2.8 billion in government contracts last year, according toThe Information, and has gotten a total of $15.3 billion from the government since 2003.
While Gizmodo notes that Musk insists contract awards are not the same as the sort of subsidies that NPR gets,the news site is arguing that were it not for NASA taking a chance on SpaceX, the company would not exist today.
Along with the money SpaceX has been awarded by the US government, the company requested an $885 million subsidy about 295 times more than what NPR got last year for its Starlink satellite broadband service to serve rural communities, but was denied by the Federal Communications Commission. The company has since appealed that decision.
Speaking of subsidies: Tesla has also gotten its own giant share of taxpayer money via grants meant to boost electric vehicle manufacturing, as well as a $465 million preferential loan from the US Department of Energy back in 2010 that Musk, to his credit, did pay off by 2013.
Like countless other companies, Tesla also accepted some untold amount of cash through the Treasury Department's corporate aid during the start of the COVID-19 pandemic in July 2020 and as Insider reported at the time, Musk received them right after tweeting against subsidies.
In short: Tesla and SpaceX are far more "government-funded" thanNPR, but you won't see Musk labeling their Twitter accounts as such.
More on Elon: Twitter Rips Into Elon Musk's New Crypto "Ponzi Scheme"
See the rest here:
It Turns Out SpaceX and Tesla Get Way More Government Money ... - Futurism
- A SpaceX rocket launch may be visible in the sky tonight. Heres where. - The Washington Post - February 5th, 2025 [February 5th, 2025]
- Breakingviews - Tesla and SpaceX are ideal trade war hostages - Reuters - February 5th, 2025 [February 5th, 2025]
- See it: SpaceX 'jellyfish' spotted across mid-Atlantic, Northeast sky as pair of satellites launch into orbit - Fox Weather - February 5th, 2025 [February 5th, 2025]
- SpaceX launch lights up the evening skies over Virginia - WWBT - February 5th, 2025 [February 5th, 2025]
- How much did SpaceX's Starship Flight 7 explosion pollute the atmosphere? - Space.com - February 5th, 2025 [February 5th, 2025]
- News in 90: Mayfield election, SpaceX doubleheader and Aldrin Verizon - Florida Today - February 5th, 2025 [February 5th, 2025]
- News in 90: Mayfield election, SpaceX doubleheader and Aldrin Verizon Superbowl ad - Florida Today - February 5th, 2025 [February 5th, 2025]
- Back-to-back SpaceX rocket launches this week: Where to watch in Sebastian, Vero Beach - TCPalm - February 5th, 2025 [February 5th, 2025]
- SpaceX contractors say they're owed more than $5.5 million; $2M to an S.A. firm - San Antonio Express-News - February 5th, 2025 [February 5th, 2025]
- See it: SpaceX 'jellyfish' spotted across mid-Atlantic, Northeast sky as pair of satellites launch into orbit - Yahoo! Voices - February 5th, 2025 [February 5th, 2025]
- A Fidelity fund is now valuing its stake in SpaceX at more than $2.7 billion - Business Insider - February 5th, 2025 [February 5th, 2025]
- SpaceX to launch water-hunting moon probe 'Lunar Trailblazer' on Feb. 26 - Space.com - February 5th, 2025 [February 5th, 2025]
- WATCH LIVE: SpaceX Ready to Launch Maxar 3 Mission from Kennedy Space Center - SpaceCoastDaily.com - February 5th, 2025 [February 5th, 2025]
- SpaceX rocket visible in Triad skies, captured by WFMY News 2 viewers | PHOTOS - WFMYNews2.com - February 5th, 2025 [February 5th, 2025]
- Witness the Spectacle: SpaceX Launch Lights Up the Skies over Myrtle Beach! - Science Magazine - February 5th, 2025 [February 5th, 2025]
- Airplane Pilot Captures Incredible View of SpaceX Rocket From Cockpit - Yahoo News UK - February 5th, 2025 [February 5th, 2025]
- Back-to-back SpaceX rocket launches: Where to watch from Daytona, New Smyrna, Oak Hill - Daytona Beach News-Journal - February 5th, 2025 [February 5th, 2025]
- Watch as the SpaceX Falcon 9 rocket crosses the skies over Fayetteville - The Fayetteville Observer - February 5th, 2025 [February 5th, 2025]
- SpaceX to rival NASAs VAB with GigaBay Starship building - Space Explored - February 5th, 2025 [February 5th, 2025]
- Russian Oligarch Held Stake in Musks SpaceX Through Trust While He Was Sanctioned - Bloomberg - January 30th, 2025 [January 30th, 2025]
- Trump asks SpaceX to 'go get' two stranded ISS astronauts. They're not stranded - NPR - January 30th, 2025 [January 30th, 2025]
- SpaceX rocket launch: Where to watch this weeks launch from Daytona, New Smyrna, Oak Hill - Daytona Beach News-Journal - January 30th, 2025 [January 30th, 2025]
- Britain takes stake in SpaceX rival Orbex to boost space ambitions - CNBC - January 30th, 2025 [January 30th, 2025]
- SpaceX Starlink satellite sparks brilliant fireball as it falls from space over US (videos) - Space.com - January 30th, 2025 [January 30th, 2025]
- Trump tells Musk to bring back stranded ISS astronauts SpaceX already planned to return - SpaceNews - January 30th, 2025 [January 30th, 2025]
- Apple Rumored to Expand Satellite Connectivity on iPhones With SpaceX's Starlink - CNET - January 30th, 2025 [January 30th, 2025]
- Vast and SpaceX Call for Research Proposals to Advance Space Habitation - Space Daily - January 30th, 2025 [January 30th, 2025]
- Wednesday night SpaceX launch from Kennedy Space Center sends SpainSat to orbit - Florida Today - January 30th, 2025 [January 30th, 2025]
- Trump tasks SpaceX with rescuing 'stranded' NASA astronauts - The Jerusalem Post - January 30th, 2025 [January 30th, 2025]
- Apple and SpaceX Link Up to Support Starlink Satellite Network on iPhones - Bloomberg - January 30th, 2025 [January 30th, 2025]
- Under good weather, SpaceX launches another batch of Starlink satellites - News 13 Orlando - January 30th, 2025 [January 30th, 2025]
- Globalstar, AST Space stocks fall as Apple partners with SpaceX - Investing.com - January 30th, 2025 [January 30th, 2025]
- Trump Calls On Musk To Rescue 'Stranded' Astronauts, But NASA Picked SpaceX Last Year - Benzinga - January 30th, 2025 [January 30th, 2025]
- Trump says he told Elon Musk and SpaceX to 'go get' astronauts who have been in space for 7 months. But NASA has said there's a plan to bring them... - January 30th, 2025 [January 30th, 2025]
- SpaceX to launch Falcon 9 rocket from Kennedy Space Center, will release more Starlink satellites - Fox Business - January 30th, 2025 [January 30th, 2025]
- SpaceX sends up Spanish satellite for 10th Space Coast launch of the year - Orlando Sentinel - January 30th, 2025 [January 30th, 2025]
- SpaceX rocket launch from NASA, Kennedy Space Center: What time is liftoff, where to watch it - Florida Today - January 27th, 2025 [January 27th, 2025]
- SAS to Introduce SpaceX Starlink Wifi by the End of 2025 - Aviation A2z - January 27th, 2025 [January 27th, 2025]
- SpaceX Heads Back To The Drawing Board For Starships Upper Stage - Aviation Week - January 27th, 2025 [January 27th, 2025]
- Miami Beach woman says she and her husband found pieces of SpaceX rocket while vacationing in Caribbean - WSVN 7News | Miami News, Weather, Sports |... - January 27th, 2025 [January 27th, 2025]
- SpaceX Launches Starlink 12-7 From The Cape Aboard Falcon 9 - Talk of Titusville - January 27th, 2025 [January 27th, 2025]
- See a weird light in the Valley sky? It was likely the aftermath of a SpaceX launch - ABC30 News - January 27th, 2025 [January 27th, 2025]
- Two SpaceX Launches Kick Off The Week - Talk of Titusville - January 27th, 2025 [January 27th, 2025]
- Will Rocket Lab Steal Another Page From the SpaceX Playbook? - The Motley Fool - January 27th, 2025 [January 27th, 2025]
- With New Glenn in Its Pocket, Can Blue Origin Compete With SpaceX and Starship? - The Motley Fool - January 27th, 2025 [January 27th, 2025]
- Utah firefighters witness SpaceX rocket launch on last day battling California wildfires - KUTV 2News - January 27th, 2025 [January 27th, 2025]
- SpaceX gets ready for Starships seventh flight test as soon as Friday - SatNews - January 6th, 2025 [January 6th, 2025]
- SpaceX to launch Starlink Group 12-11 smallsats on Tuesday from Kennedy - SatNews - January 6th, 2025 [January 6th, 2025]
- FBI investigating threats to SpaceX rocket at South Texas Starbase - San Antonio Express-News - January 6th, 2025 [January 6th, 2025]
- SpaceX notches first orbital launch of 2025 with mission for UAE-based Space42 - Spaceflight Now - January 6th, 2025 [January 6th, 2025]
- Italy in talks with SpaceX over $1.6B telecom security services deal: report - Seeking Alpha - January 6th, 2025 [January 6th, 2025]
- SpaceX to launch flight test of Starship, with all new upgrades out of Texas - WFLA - January 6th, 2025 [January 6th, 2025]
- SpaceX moves Thuraya-4 launch try to Friday night from Cape Canaveral Space Force Station - Yahoo! Voices - January 6th, 2025 [January 6th, 2025]
- Elon Musk's SpaceX preps for 7th flight of Starship Super Heavy with big changes - India Today - January 6th, 2025 [January 6th, 2025]
- SpaceX to launch flight test of Starship, with all new upgrades out of Texas - AOL - January 6th, 2025 [January 6th, 2025]
- SpaceX rocket launches from Cape Canaveral, Kennedy Space Center: What time is liftoff? - Florida Today - January 6th, 2025 [January 6th, 2025]
- Italy nears 1.5Bn deal with SpaceX for secured government telecom: Report - The Tech Portal - January 6th, 2025 [January 6th, 2025]
- Italy in talks with SpaceX over 1.5 billion deal: report - Wanted in Rome - January 6th, 2025 [January 6th, 2025]
- SpaceX's launches Falcon 9 from Florida in first flight of the year - UPI News - January 6th, 2025 [January 6th, 2025]
- SpaceX Successfully Launches Falcon 9 Rocket, Marks 20th Flight and Recovery of Booster - NBC Palm Springs - January 6th, 2025 [January 6th, 2025]
- WATCH: SpaceX Launches Falcon 9 Rocket Friday Carrying Thuraya 4 Satellites from Cape Canaveral - SpaceCoastDaily.com - January 6th, 2025 [January 6th, 2025]
- How to watch SpaceX launch its 1st Falcon 9 rocket of 2025 tonight - Space.com - January 3rd, 2025 [January 3rd, 2025]
- SpaceX Teases 1Tbps of Download Bandwidth on V3 Starlink Satellites - PCMag - January 3rd, 2025 [January 3rd, 2025]
- Internal SpaceX documents show the sweet stock deals offered to investors like a16z, Gigafund - TechCrunch - January 3rd, 2025 [January 3rd, 2025]
- Musk's SpaceX 'most likely to benefit' in 2025: Space outlook - Yahoo Finance - January 3rd, 2025 [January 3rd, 2025]
- Is 2025 the year we find a real SpaceX competitor? - Space Explored - January 3rd, 2025 [January 3rd, 2025]
- I'm Going to Buy SpaceX Stock, And Here's How I'm Going to Do It - 24/7 Wall St. - January 3rd, 2025 [January 3rd, 2025]
- SpaceX prepares for first Falcon 9 launch of 2025 - News 13 Orlando - January 3rd, 2025 [January 3rd, 2025]
- Elon Musk's SpaceX to launch several rockets soon. Where will they be visible? - NorthJersey.com - January 3rd, 2025 [January 3rd, 2025]
- SpaceX lines up Space Coasts first launch of the year - Iola Register - January 3rd, 2025 [January 3rd, 2025]
- Will 2025 be the year of Starship? SpaceX's megarocket is growing up. - Space.com - January 3rd, 2025 [January 3rd, 2025]
- SpaceX lines up Space Coasts 1st launch of the year - Orlando Sentinel - January 3rd, 2025 [January 3rd, 2025]
- 3... 2... 1... SpaceX launches Starlink satellites on third-to-last mission of 2024 - Space.com - January 3rd, 2025 [January 3rd, 2025]
- Behind The Scenes Of A SpaceX Falcon Heavy Launch - Hughes Jupiter 3 - MSN - January 3rd, 2025 [January 3rd, 2025]
- Bad news for Elon Musks SpaceX: In trouble for what it has done in space - El Diario 24 - January 3rd, 2025 [January 3rd, 2025]
- Elon Musk wants the FAA to let SpaceX conduct more Starship tests in 2025: What that means - USA TODAY - January 3rd, 2025 [January 3rd, 2025]
- SpaceX 2024 launch stats: Starship, SLC-40 is king, and more - Space Explored - January 3rd, 2025 [January 3rd, 2025]
- Elon Musk's SpaceX to launch Thuraya-4 mission to begin 2025 with a thunderous roar - India Today - January 3rd, 2025 [January 3rd, 2025]
- SpaceX Teases 1Tbps of Download Bandwidth on V3 Starlink Satellites - MSN - January 3rd, 2025 [January 3rd, 2025]
- SpaceX launches Astranis: From One to Many Mission after a last second abort days earlier - SatNews - January 3rd, 2025 [January 3rd, 2025]