Warning to SpaceX Investors: Elon Musk May Return to Politics

SpaceX has warned investors that Elon Musk could return to US politics, citing his previous role as senior adviser to President Donald Trump. Musk has made several political statements since leaving the Trump administration, including vowing to form a new political party and criticizing Republican members of Congress. SpaceX's recent tender offer values the company at around $400 billion, making it the most valuable private company in the world.

SpaceX, the rocket and satellite maker led by Elon Musk, has warned investors that the billionaire may not be done with politics just yet. The warning is included in SpaceX's recent tender offer, which values the company at approximately $400 billion, making it the most valuable private company in the world [1].

Musk previously served as a senior adviser to President Donald Trump in connection with the Department of Government Efficiency. The company's tender offer documents state that Musk "may in the future serve in similar roles and devote significant time and energy to such roles" [1]. This is the first time such language has appeared in SpaceX's tender offers, according to people familiar with the content.

Since formally leaving the Trump administration in late May, Musk has vacillated over his political involvement. In May, he vowed to focus on his business empire, including Tesla Inc. and his AI startup, xAI. However, after a public spat with Trump, Musk vowed to form a new political party to vote members of Congress out of office [1]. Despite these statements, the warning in SpaceX's tender offer serves as a reminder to investors that few things in Musk's world are ever truly final.

SpaceX is a key government contractor with both NASA and the US military. The company's recent tender offer allows certain shareholders to sell stakes in the company, an increasingly popular option for startups that are staying private longer but want to give early employees and investors a chance to cash out [2]. SpaceX will buy back as much as $1.25 billion worth of shares from staff and other holders [1].

As SpaceX prepares for its $400 billion valuation, the company's political risk factors must be considered by investors. The warning in the tender offer documents underscores the uncertainty surrounding Musk's future political involvement and its potential impact on the company's operations and valuation [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-07-22/spacex-warns-investors-elon-musk-could-return-to-us-politics
[2] https://www.ndtv.com/topic/spacex-shares