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SpaceX rocket failure cost NASA $110 million

Taxpayers lost $110 million when a SpaceX rocket carrying cargo to the International Space Station disintegrated shortly after liftoff last month, a NASA official said at a Friday hearing.

“That’s gone,” said William Gerstenmaier, a NASA associate administrator, of the money lost when the SpaceX rocket failed on June 28 far above Florida’s coast.

The Hawthorne-based company is leading an investigation into the cause of the failure.

On Friday, some members of the House Science, Space and Technology committee questioned whether the company should be investigating its own failure.