For our look at privatization.
From Wikipedia:
an American spacecraft manufacturer, launcher, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the stated goal of reducing space transportation costs to enable the colonization of Mars. The company manufactures the Falcon 9, Falcon Heavy, and Starship launch vehicles, several rocket engines, Cargo Dragon and Crew Dragon spacecraft, and Starlink communications satellites.
From History of Space X, Goals, Funding:
SpaceX is privately funded.[78] SpaceX developed its first launch vehicle—Falcon 1—and three rocket engines—Merlin, Kestrel, and Draco—completely with private capital. SpaceX contracted with the US government for a portion of the development funding for the Falcon 9 launch vehicle, which uses a modified version of the Merlin rocket engine.[78] SpaceX is developing the Falcon Heavy launch vehicle,[79] the Raptor methane-fueled rocket engine,[80] and a set of reusable launch vehicle technologies with private capital.[81]
As of May 2012, SpaceX had operated on total funding of approximately $1 billion in its first ten years of operation. Of this, private equity provided about $200M, with Musk investing approximately $100M and other investors having put in about $100M (Founders Fund, Draper Fisher Jurvetson, ...).[82] The remainder has come from progress payments on long-term launch contracts and development contracts. As of April 2012, NASA had put in about $400–500M of this amount, with most of that as progress payments on launch contracts.[83] By May 2012, SpaceX had contracts for 40 launch missions, and each of those contracts provide down payments at contract signing, plus many are paying progress payments as launch vehicle components are built in advance of mission launch, driven in part by US accounting rules for recognizing long-term revenue.[83]
In August 2012, SpaceX signed a large development contract with NASA to design and develop a crew-carrying space capsule for the "next generation of U.S. human spaceflight capabilities", in order to re-enable the launch of astronauts from U.S. soil by 2017. Two other companies, Boeing and Sierra Nevada Corporation, received similar development contracts. Advances made by all three companies under Space Act Agreements through NASA's Commercial Crew Integrated Capability (CCiCap) initiative are intended to ultimately lead to the availability of commercial human spaceflight services for both government and commercial customers. As part of this agreement, SpaceX was awarded a contract worth up to $440 million for contract deliverables between 2012 and May 2014.[84][85]
At the end of 2012 SpaceX had over 40 launches on its manifest, representing about $4 billion in contract revenue. Many of those contracts were already making progress payments to SpaceX, with both commercial and government (NASA/DOD) customers.[86]As of December 2013, SpaceX has a total of 50 future launches under contract, two-thirds of them are for commercial customers.[87][88] In late 2013, space industry media began to comment on the phenomenon that SpaceX prices are undercutting the major competitors in the commercial commsat launch market—the Ariane 5 and Proton-M[89]—at which time SpaceX had at least 10 further geostationary orbit flights on its books.
