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The Trump administration reviewed SpaceX’s contracts amid potential cuts, following the president's concerns about Elon Musk’s companies, according to The Wall Street Journal. The June review included a request for spreadsheets detailing contract values and potential alternatives; however, officials found that most SpaceX deals were essential to the missions of NASA and the Defense Department. SpaceX’s reusable rockets, Crew Dragon capsule, and Starlink internet service remain dominant in government space operations, with few viable competitors. The company has continued securing contracts, including a $5.9 billion Pentagon deal for 28 national-security launches, despite Trump’s public criticism. Musk, once a Trump ally, clashed with the president over fiscal policy and decried his spending bill, prompting the spat. Officials noted frustration among industry rivals, but acknowledged SpaceX’s pricing, reliability, and technology keep it indispensable.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration reviewed SpaceX's contracts amid potential cuts following the
00:06president's concerns about Elon Musk's companies, according to the Wall Street Journal.
00:10June review included a request for spreadsheets detailing contract values
00:13and potential alternatives, but officials found most SpaceX deals essential to the missions
00:18of NASA and the Defense Department. SpaceX's reusable rockets, Crew Dragon capsule,
00:23and Starlink internet service remained dominant in government space operations,
00:26with few viable competitors. The company has continued securing contracts,
00:30including a $5.9 billion Pentagon deal for 28 national security launches,
00:35despite Trump's public criticism. Musk, once a Trump ally, clasped with the president
00:39over fiscal policy and decried a spending bill, prompting this path. Officials noted frustration
00:44among industry rivals that acknowledged SpaceX's pricing, reliability, and technology keep it
00:49indispensable. For all things money, visit Benzinga.com.

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