Trump Keen On Joining Hands With Elon Musk's Space X
Donald Trump's Silicon Valley businessmen team was joined by another SpaceX investor this week and is providing support to build the cabinet of the president-elect and the advisor's team.
Trae Stephens, the 2nd member of San Francisco-based Founders Fund, joined hands with Peter Thiel to join the landing team of Trump making a cover for the Defense Department and Pentagon.
Stephens is principal in the capital fund of Thiel's venture, which is among the first investing firms in SpaceX, with an outlay of $20 million in 2008, in 2010, it took part in the $50 million round as well and in 2015, in round of $1 billion.
According to Bloomberg, once Trump takes the office, although Stephen will not be working for Trump but would remain a member of the team which is going to form the administrative policy and checking Defense Department Staff.
At Founders Fund at his position, to do business with the government, Stephens work with startups. A long-term Trump supporter and the co-founder of PayPal, the billionaire Thiel is also a part of the transition team of the president-elect and has said on record that he expects that Donald will spend more of the Defense.
Further, according to Forbes, among the only entrepreneurs of Canada, to back Trump in his campaign for president was the businessman of Silicon Valley, even donating $1.25 million to the campaign. To win Defense Department business, SpaceX has fought hard and long; Martin Lockheed and Boeing partnership, a great adventure which brought competition with more established and larger United Launch Alliance.
Space travel company of Elon Musk has pointed the development of customers from NASA, a private sector and the Air Force. SpaceX has won another NASA's contract and is now given the task of launching the SWOT satellite, which is going to survey the surface water of earth for the first time.
For the space agency, any leading team member has not been announced by the Trump transition team, but before the election, the unclear outline printed by Trump indicated that he will go for an increase in private=public partnership in space.