March 21, 2024
While SpaceX and Blue Origin compete in launching satellites and taking people to the moon, they are also giving a tough time to Boeing Co and Nasa when it comes to hiring employees as the private firms pay hefty salaries.
Recruiters, as per Fortune, say that majority of the students prefer getting jobs at SpaceX and Blue Origin, owned by Elon Musk and Jeff Bezos, respectively, and are one of the richest people in the world.
As technology advances, these two believe that human beings will eventually have to find places other than Earth to live on — and they’re experimenting in this regard.
Bezos and Musk’s companies pay more to their employees than the old space agencies/companies.
Fortune reported that Musk’s SpaceX pays fresh aerospace engineers $95,000 to $115,000 a year. Meanwhile, Nasa pays $54,557 to engineers with bachelor’s degrees, $66,731 for master’s degrees and $73,038 for doctorates.
While these jobs pay more, it has been reported that the private companies make people work over hours and working there comes at the cost of a person’s social life.
Deputy Director of Talent Services at Nasa Ann Richmond said that as private sector space companies grow, Nasa has “a little bit of a tougher time competing with them salary-wise”.