It’s almost become normal now that bureaucrats get to decide which social group to spend money on, or which region to renovate buildings in, but the arrogance of thinking you can spend your way to the most cutting edge of current technology is just the next level of bureaucratic arrogance.
It sucks a bit that it's this way but if you are profit driven, you can't gamble 140 billion of your own money in hopes of developing new tech.