NASA's billions of investment in SpaceX have been 'very beneficial,' agency chief says

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NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk's SpaceX have been well worth it.

"The investments that we have made into SpaceX and the investment SpaceX has made in itself have really resulted in I think something that is going to be very beneficial," NASA Administrator Jim Bridenstine said on Friday.

SpaceX is preparing to launch NASA astronauts for the first time on May 27 in the company's Crew Dragon capsule.NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission.SpaceX have been well worth it as the company prepares to launch astronauts for the first time this month.

"The investments that we have made into SpaceX and the investment SpaceX has made in itself have really resulted in I think something that is going to be very beneficial, not just for human space exploration, but beneficial for the economy," Bridenstine said during a press conference on Friday. NASA has awarded SpaceX with several contracts over the past two decades, ranging from development of new spacecraft to transporting cargo to the International Space Station. Under the Commercial Crew program, NASA awarded SpaceX more than $3.1 billion to fund development of its Crew Dragon capsule.

also received over $4.8 billion of investment from NASA to develop a competing spacecraft called Starliner.

 

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