Search for the word 'excessive' https://historycollection.jsc.nasa.gov/JSCHistoryPortal/hist...

Griffin is arguing against himself there in giving all that money-- covering his tail. The important part if you read the contracts is a majority of the money was awarded before SpaceX built any hardware, they just had to present plans and half the money was transferred. Elon never risked his own money as all the costs were covered up front and if they failed they would only lose the other half of the contract.

Elon was very scrappy and cheap in the initial builds because he didn't want to risk his own cash.