SpaceX President Sees No Immediate Budget Resolution

Photograph by Ramin Talaie/Bloomberg

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Motors Inc.

The president of Space Exploration Technologies Corp., known as SpaceX and headed by billionaire Elon Musk, said next year will be “huge” for the company
despite the threat of the so-called fiscal cliff.

Gwynne Shotwell said she doesn’t see a resolution in sight to the automatic U.S. budget cuts known as sequestration. The reductions are set to begin Jan. 2.

“I don’t know what’s going to happen,” she said during a Washington Space Business Roundtable luncheon held at the University Club in Washington.

Maybe not much to her company.

SpaceX, based in Hawthorne, California, in 2013 plans to complete two more cargo missions to the International Space Station, Shotwell said. It also wants to launch a handful of communications satellites for commercial customers, and to fly its Falcon Heavy for the first time, according to Shotwell. The rocket is second in size only to the Apollo-era Saturn V.

“We have a huge year in front of us,” she said.

What do you think about this article? Comment below!