Ah yes, private industry always does so much better at everything.. Here in Australia, we've seen electricity, telecommunications, water, etc all get privatised. And now the services are sooo much better, and sooo much cheaper...{/sarcasm}
The things is, any large organisation develops inefficiencies - the only thing worse than a large government organisation is a commercial one, imo..
In the case of space exploration I have no problem with private investment, but in the case of essential services (like electricity, telecoms, water), I don't like it. Perhaps we should privatise police and fire services? Some things are better
not monopolised, nor run to make a profit for shareholders, imo...
FTR, I think NASA's Apollo project was exceptionally well run, perhaps partly because of the very bad start it got off to (Apollo 1). It may have been one of the last well run and efficient largely-government projects...