No, the FAA isn't fining SpaceX because of Elon Musk's politics, former FAA head says [TechCrunch]
Archer Aviation Inc. Class A (ACHR)
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Source: TechCrunch
Rather, it's something far more pedestrian: “The fundamental problem is that humanity will forever be confined to Earth unless there is radical reform at the FAA,” he posted on X. That post followed a previous one in which he vowed to sue the government agency, arguing in a series of X posts that the FAA was politically motivated when it levied $633,009 in fines against SpaceX on Tuesday. One fine was for allegedly using an unapproved rocket propellant farm in a launch last year; the other was for using an unauthorized launch control room. SpaceX said in a letter to Congress Thursday it “forcefully rejects” the notion that the company didn't follow FAA procedure. “The FAA space division is harassing SpaceX about nonsense that doesn't affect safety,” Musk posted , adding, “I am highly confident that discovery will show improper, politically-motivated behavior by the FAA.” But Billy Nolen, the former acting administrator of the FAA in 2023, pushed back against Musk's assertion tha
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ACHR
Sec Filings
- 9/17/24 - Form 8-K
- 9/17/24 - Form 424B5
- 9/16/24 - Form 3
- ACHR's page on the SEC website