No, it isn't spot on at all. SpaceX wasn't "a big blind bet" at all. The guy is smart, and he listened to people who've been analyzing that industry for decades. The fact that he persevered after a few failures just means he knew what industry he was trying to break into.
Engineers have been scratching their heads since the '70s and wondering why the hell it costs so much to get something into LEO. There's nothing fancy about the hardware SpaceX developed, either. It's just a rocket company that's run like a business. There's no delusion required - what Musk brought to the table was boatloads of money and the experience of growing and running a business.
Engineers have been scratching their heads since the '70s and wondering why the hell it costs so much to get something into LEO. There's nothing fancy about the hardware SpaceX developed, either. It's just a rocket company that's run like a business. There's no delusion required - what Musk brought to the table was boatloads of money and the experience of growing and running a business.