He's such a brilliant innovator. How could this happen? /s

I expect SpaceX will just get a massive bailout to keep going. This does highlight that free markets simply don't work for large scale innovation. Such things require huge amounts of capital and may not pan out in the end. The only way to fund this kind of innovation sustainably is by using state resources.

Article published November 30th, 2021. Clearly Musk was exaggerating.