this post was submitted on 03 Dec 2023
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Exactly about the risks. Not having silly uninformed backlash about failures is a big benefit to private companies (at least privately owned). The government and NASA funded SpaceX because they recognized that it was more efficient than developing their own launch vehicle. They tried with Ares, but that fell though and Obama (or his cabinet) decided to let industry try instead. So they funded SpaceX to develop a launch vehicle.
Seems like it worked