""If you look at the US, you have a lot of private money... but you have a lot of public money" too, he said. "Everybody is fascinated by Starlink... But if you are lucid, Mr. Musk is probably one of the guys of the world who has had in his pockets the most... billions dollars of the American taxpayers in order to be subsidised," he added."
""If you add up all the government funding Tesla and SpaceX have ever received, it is only about 1% of the combined value of the companies," he said. "In contrast, if you do that with US and European major aerospace companies, the government money they have received *exceeds* 100% of their value!""
A Buy European competitiveness approach was advocated alongside massive investment financed partly by joint European Union borrowing. The United States was characterized as combining large amounts of private capital with substantial public funding for technological projects. State support for satellite internet and aerospace ventures was highlighted as enabling rapid development. Starlink and SpaceX were presented as examples of firms that benefited from government funding. A comparison was drawn asserting that government funding to major aerospace firms exceeds their value, while Tesla and SpaceX received a much smaller share relative to their combined value. Increased public investment was recommended to strengthen Europe’s industrial position versus the US and China.
Read at www.france24.com
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