Comment on We Should Immediately Nationalize SpaceX and Starlink
technocrit@lemmy.dbzer0.com 10 months agoTechnically no. Bailout =/= nationalization.
Comment on We Should Immediately Nationalize SpaceX and Starlink
technocrit@lemmy.dbzer0.com 10 months agoTechnically no. Bailout =/= nationalization.
sugar_in_your_tea@sh.itjust.works 10 months ago
It was more than something like a loan, the federal government actually a fair amount of control over the company. It ended up divesting itself once the new, restructured company made its IPO, but during the bailout, the US gov was technically in control, and it got priority over all other interests since the company went private with special financing.
It’s certainly different than other nationalized industries, but it was also much more than a regular bailout.