Why Does NASA Pay CalTech $2,827,348,527 Every Year? 

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It's not surprising to see space companies like Blue Origin, SpaceX, and Lockheed Martin near the top of NASA's payout list. However, the largest benefactor is none of those companies, but actually the California Institute of Technology or CalTech. Every year, CalTech receives nearly $3 billion in funding for operating the Jet Propulsion Laboratory. The Jet Propulsion Laboratory or JPL are the people behind all of the Mars rovers, the Voyager missions, and the Viking missions. In fact, JPL actually outdates NASA themselves. JPL was originally started way back in October of 1936 when Professor Von Karman and a group of graduate students decided to experiment with some rocket engines. Originally, they worked with the US Army and provided them with jet propulsion technology and missile guidance technology. Eventually though, after NASA was established, JPL basically became a subsidiary of NASA. This video describes the history of NASA's Jet Propulsion Laboratory run by CalTech and why JPL gets paid billions every single year.
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Timestamps:
0:00 - Massive CalTech Funding
0:55 - Rocket Development
3:21 - Jet Propulsion Laboratory
5:10 - Partnership With NASA
7:05 - Survival Crisis
7:51 - JPL Today
Thumbnail Credit:
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Resources:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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