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How NASA outsourcing the space program helped enrich Elon Musk

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
After the end of the space shuttle program, NASA turned to private companies to fill the gap. That isn't working out for the best.
The article from MSN discusses how NASA's decision to outsource parts of its space program has significantly benefited Elon Musk and his company, SpaceX. It outlines how NASA, facing budget constraints and seeking innovation, began to rely on private companies for space missions. This shift was catalyzed by the Commercial Orbital Transportation Services (COTS) program, which provided funding to companies like SpaceX to develop cargo and crew transportation capabilities to the International Space Station (ISS). SpaceX, under Musk's leadership, not only met but exceeded expectations, securing lucrative contracts and becoming a pivotal player in space travel. This partnership has allowed SpaceX to grow exponentially, with Musk's wealth increasing as the company's valuation soared, largely due to its successful missions, innovations in reusable rocket technology, and ambitious projects like Starlink and Mars colonization plans. The article highlights how this public-private partnership model has transformed the space industry, making space travel more accessible and fostering a new era of space entrepreneurship.

Read the Full MSNBC Article at:
[ https://www.msn.com/en-us/news/technology/how-nasa-outsourcing-the-space-program-helped-enrich-elon-musk/ar-AA1BfbMV ]