Elon Musk News 12/9/2016
Daily Elon Musk News
A SpaceX customer has switched to a European competitor for one satellite launch, citing delays in the Hawthorne space company’s schedule after a September explosion.
Satellite communications firm Inmarsat said Thursday that it has signed a contract with French rocket company Arianespace to launch a satellite for the European Aviation Network, a broadband system comprised of both satellites and ground networks.
That satellite is set to be launched in mid-2017 from French Guiana.
Inmarsat had originally planned to launch the satellite with SpaceX, but said it decided to switch to Arianespace “following the delay in SpaceX’s launch schedule.”
Taxpayers also heavily bankroll Musk’s businesses. Last year, the Los Angeles Times reported that Musk’s corporate empire had received a total of $4.9 billion in government subsidies.
For example, the federal government gives each Tesla buyer a $7,500 tax credit. Many states give additional credits as well.
So, yes, Musk has made billions of dollars because taxpayers are subsidizing the purchase of $85,000 dollar sports cars and costly solar panels. I doubt that will sit well with working-class voters.
The only reason Tesla was profitable last quarter stems from the sale of $139 million dollars worth of “clean” tax credits to companies that make money from the sale of traditional, gas-burning cars and trucks.
Undoubtedly, Donald Trump is also a product of coastal elitism. However, Trump was able to overcome this hurdle with working-class voters by channeling their frustrations with elites.
Democrats hoping that Musk will be their billion