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If it went bankrupt its profitable Falcon business could be sold off and continue operating. Musk and other shareholders would get wiped out or maybe just a big haircut.

I'm sure there are multiple parties who would love to see SpaceX going under.

Does the gubmint see it that way? the parts of the US defense complex that need launch capability have their own and are very happy with the whole structure that provides them, it seems.

Musk has repeatedly stated that "socialism" and government handouts are bad, so I'm sure he'd reject spacex getting financial support from the gov.

Like all these anti social and anti welfare guys he loves to take government money for their private endavours.

There's a difference between government acting as an interested customer, vs government subsidizing something for political reasons.

Government should not be just handing out money without getting at least that much value back. Government may very well hire a company to do something because it's more cost effective than DIY.

Mhm yes https://www.latimes.com/business/la-fi-hy-musk-subsidies-201...