U.S. Senate Provision on NASA Seen as Hurting SpaceX

June 17, 2014 8:36 PM

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U.S. Senate Provision on NASA Seen as Hurting SpaceX

A U.S. Senate proposal tied to the NASA spending bill may thwart efforts by Elon Musk’s space venture while aiding Boeing Co. (BA:US), the government’s No. 2 contractor, a trade group president said today.

The seven-line provision would require companies seeking contracts to ferry astronauts to the International Space Station to file detailed financial reports justifying their costs. The Senate bill for the fiscal year beginning Oct. 1 includes $805 million for the program.

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