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.
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.