Horrible news! What is worse than the government paying for space exploration? BANKERS lending money and credit and partnering with scientists and space exploration projects and facilities.
U.S. Bank Helps Fuel Future Space Flight as Bank behind SpaceX
Bankers joined scientists on the edge of their seats in May as the SpaceX Dragon capsule successfully berthed with the International Space Station. The SpaceX Dragon was the first privately-owned spacecraft in history to deliver supplies to the Space Station astronauts.
U.S. Bank was the first lender and bank partner of Hawthorne-based Space Exploration Technologies Corp. (SpaceX).
With a senior credit facility that supports their day-to-day business, U.S. Bank will continue to support SpaceX as they expand private space flight, delivering supplies to the space station in the years following the retirement of NASA’s Space Shuttle program.“We were the first bank to extend a credit facility to them with terms that were flexible for the company so they could maintain cash flow to purchase equipment, stock inventory and manage their day-to-day working expenses,” Foley added.
“U.S. Bank has been an extraordinary partner,” said Gwynne Shotwell, President of SpaceX.
