09 Dec

Elon Musk News 12/9/2016

Daily Elon Musk News

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SpaceX customer switches a satellite launch order to European competitor

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.”

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Elon Musk is not the answer for Democrats

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

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