RT David Senra: When @elonmusk started @SpaceX, he didn't ask for a contract. He rewrote the terms. @EricJorgenson explains why: "Elon went to the peo...

RT David Senra
When @elonmusk started @SpaceX, he didn't ask for a contract. He rewrote the terms.

@EricJorgenson explains why:

"Elon went to the people actually awarding these contracts and said 'We want an outcome-based contract. I want to be incentivized to drive down the cost. I want to be incentivized to hit the deadlines.'

For all the talk that happens about him doing things that have never been done before, the things that he's doing that have never been done before are because he drives cost down.

And he drives cost down because the vision is not 'Make as much money as I can.' It wasn't 'Start a new aerospace company that's as profitable as possible.' It was 'Get us to Mars.'

That is a heroic thing to go in and say 'I know I could get paid X to do mediocre work, but I actually want to take the risk. I want to burn the boats. I want my back to the wall. I want to know that we have to clear this threshold that nobody has ever crossed before. And I want to go tell my team that because that's how we're actually going to achieve this objective that everybody thinks I'm crazy for setting.'"