Trump: Will 'take a look' at Musk's government contracts
PorAinvest
viernes, 6 de junio de 2025, 6:00 pm ET1 min de lectura
TSLA--
The dispute began when Musk publicly criticized Trump's proposed tax and spending legislation, leading to a rapid deterioration in their relationship. Trump retaliated by threatening to cancel government contracts with Musk's companies, including SpaceX, which is a critical partner to NASA and the Pentagon. Musk responded by announcing that SpaceX would begin decommissioning its Dragon spacecraft, NASA's primary crew transport to the International Space Station (ISS) [1].
While Musk later walked back the statement, the incident raised serious concerns within the space industry. The Dragon capsule is the only American-made vehicle capable of ferrying astronauts to and from the ISS, making any disruption a significant threat [1].
The feud has broader implications for the U.S. space program. If Trump follows through on his threats, it could stall major programs at NASA and the Department of Defense, potentially delaying national security launches and slowing momentum on missions to the Moon and Mars [1].
SpaceX's dominance in the space industry may insulate the company from long-term damage, but the short-term impact on revenue and contract opportunities could still be significant. Justus Parmar, CEO of Fortuna Investments, which holds a stake in SpaceX, noted that while Trump's threats wouldn't be catastrophic, they would result in substantial financial losses and a shake-up in government partnerships [1].
The feud has also led to political repercussions, with Musk ally Jared Isaacman's nomination to lead NASA withdrawn due to political concerns tied to his past donations [1].
Trump's recent budget proposals had already been facing major cuts, with looming layoffs and canceled science missions. The Artemis Moon program, which Musk's Starship was slated to support, had been facing partial defunding. However, the Senate's version of the bill proposes restoring funding for Artemis missions, setting up a new political test [1].
Despite the turmoil, SpaceX remains a dominant player in the space industry, with over $15 billion in NASA contracts and critical deals with the Pentagon. However, the company's behavior, such as threatening to take a spacecraft offline, has raised serious concerns [1].
The outcome of Trump's review of Musk's government contracts will likely influence the future of the U.S. space program. As the political dynamics shift, it remains to be seen how much sway Musk still holds and whether the feud will result in policy reversals that reshape America's space ambitions.
References:
[1] https://www.domain-b.com/technology/technology-general/musk-trump-feud-puts-22b-in-spacex-contracts-at-risk
[2] https://www.ksl.com/article/51325614/trump-threatens-musks-government-deals-as-feud-explodes-over-tax-cut-bill
Trump: Will 'take a look' at Musk's government contracts
In a significant escalation of the ongoing feud between Elon Musk and former President Donald Trump, Trump has stated that he will "take a look" at Musk's government contracts. The feud, which began with Musk criticizing Trump's tax and spending legislation, has now put nearly $22 billion in federal contracts with SpaceX at risk [1].The dispute began when Musk publicly criticized Trump's proposed tax and spending legislation, leading to a rapid deterioration in their relationship. Trump retaliated by threatening to cancel government contracts with Musk's companies, including SpaceX, which is a critical partner to NASA and the Pentagon. Musk responded by announcing that SpaceX would begin decommissioning its Dragon spacecraft, NASA's primary crew transport to the International Space Station (ISS) [1].
While Musk later walked back the statement, the incident raised serious concerns within the space industry. The Dragon capsule is the only American-made vehicle capable of ferrying astronauts to and from the ISS, making any disruption a significant threat [1].
The feud has broader implications for the U.S. space program. If Trump follows through on his threats, it could stall major programs at NASA and the Department of Defense, potentially delaying national security launches and slowing momentum on missions to the Moon and Mars [1].
SpaceX's dominance in the space industry may insulate the company from long-term damage, but the short-term impact on revenue and contract opportunities could still be significant. Justus Parmar, CEO of Fortuna Investments, which holds a stake in SpaceX, noted that while Trump's threats wouldn't be catastrophic, they would result in substantial financial losses and a shake-up in government partnerships [1].
The feud has also led to political repercussions, with Musk ally Jared Isaacman's nomination to lead NASA withdrawn due to political concerns tied to his past donations [1].
Trump's recent budget proposals had already been facing major cuts, with looming layoffs and canceled science missions. The Artemis Moon program, which Musk's Starship was slated to support, had been facing partial defunding. However, the Senate's version of the bill proposes restoring funding for Artemis missions, setting up a new political test [1].
Despite the turmoil, SpaceX remains a dominant player in the space industry, with over $15 billion in NASA contracts and critical deals with the Pentagon. However, the company's behavior, such as threatening to take a spacecraft offline, has raised serious concerns [1].
The outcome of Trump's review of Musk's government contracts will likely influence the future of the U.S. space program. As the political dynamics shift, it remains to be seen how much sway Musk still holds and whether the feud will result in policy reversals that reshape America's space ambitions.
References:
[1] https://www.domain-b.com/technology/technology-general/musk-trump-feud-puts-22b-in-spacex-contracts-at-risk
[2] https://www.ksl.com/article/51325614/trump-threatens-musks-government-deals-as-feud-explodes-over-tax-cut-bill
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