SpaceX illustrates privatisation risk

Past money troubles of start-up underscore the risk of privately funded space endeavours

Space entrepreneur Elon Musk made history last week with the successful launch of his Falcon 9 rocket, but he has acknowledged that he worried a few years ago that his project would have to shut down for lack of cash.

The story of how Musk's start-up, Space Exploration Technologies, managed to buck financial turbulence - at one point even flirting with Northrop Grumman about a possible partnership - underscores how risky privately funded space endeavours can be.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire