Billionaires Lobby for a Kennedy Launch Pad

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Sept. 27 (Bloomberg) -- Phil Mattingly reports on the battle between billionaires Jeff Bezos and Elon Musk for control over a launch pad at the Kennedy Space Center. Mattingly speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Two billionaires?

In the battle of the billionaires, jeff bezos and elon musk are bringing in the calvary.

Their troops are very well- versed in the ways of washington.

Musk spacex and bezos are both vying for that.

The shuttle fleet was retired in 2011. both companies have applied for the lease.

Now they are bringing in the lobbying big wants to try to help secure it.

Spacex spent $540,000 to lobby in the first six months of 2013. their roster includes former senate majority leader trent lott, one of the most prominent law firms lobbying for d.c. now.

Blue origin brought on a big- name lobbying firm the same none -- month nasa sought the proposals for the lease.

A former top house republican- controlled nasa's pursestrings while on capitol hill to man the result was dozens of current lawmakers have been weighing in on this battle via letters to nasa, pushing for one side or the other.

If you want to influence members of congress, you hire former members of congress, former staffers, because they can get access to decision- makers.

Obviously, this is not a new game in town.

It is one big industries have utilized for years.

Wall street banks toward millions into their own lobbying efforts during what congress considered what would become dodd frank.

And safer insurance companies, when president barack obama was pushing forward with health care law.

Even for billionaire entrepreneurs like elon musk and jeff bezos, we are at a point now where lobbying team as a valued investment.


Because washington is where the money is.

What is interesting is just how beholden they are to washington in some ways.

Tesla motors got federal grants.

Jeff bezos of blue origin has a contract with nasa to help develop a space vehicle.

They are looking for government money.

That is an awful lot like old- line companies like boeing and lockheed martin and the old defense industry.

It is unclear who is going to win this fight.

Looks like lawmakers are pushing for multiple companies to have access to this lease.

This text has been automatically generated. It may not be 100% accurate.


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