Close Menu
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
What's Hot

Cardi B’s Pregnancy Garners Criticism As She Continues Clubbing

Brandy Reveals A Health Scare Shut Down Her Concert Early

Immortal Ohtani Blasts Dodgers to the World Series

Facebook X (Twitter) Instagram
Trending
  • Cardi B’s Pregnancy Garners Criticism As She Continues Clubbing
  • Brandy Reveals A Health Scare Shut Down Her Concert Early
  • Immortal Ohtani Blasts Dodgers to the World Series
  • Ebury chooses Birmingham for third UK office launch
  • Yung Miami’s Daughter Gets Her Own Cosmetics Line
  • Hennessy and Lebron James Launch a New Collector’s V.S.O.P Limited Edition
  • Best Dressed At 2025 Dazzle At The Academy Museum Gala
  • Monica Ends The Boy Is Mine Concert Early As Brandy Rushes Off
Facebook X (Twitter) Instagram YouTube
THE MIRROR OF MEDIA
  • Home
  • Accounting
  • Banking
  • Business
  • Political
  • Crypto
  • Real Estate
  • Ecommerce
  • Entrepreneur
  • Investment
  • More
    • Music
    • Gossip
    • Pop Culture
    • Wall street
    • IPO’S
    • Mortgage/Loans
    • Venture Capitalists/Angel Investors
THE MIRROR OF MEDIA
You are at:Home»Pop Culture»SpaceX Got Billions In Government Contracts, Barely Paid Taxes
Pop Culture

SpaceX Got Billions In Government Contracts, Barely Paid Taxes

adminBy adminNo Comments2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


SpaceX Got Billions In Government Contracts, Barely Paid Taxes
ANGELA WEISS / Elon Musk / SpaceX

Elon Musk previously headed DOGE, the newly established agency that was tasked with cutting government spending. It turns out his company, SpaceX, is one of the country’s largest welfare recipients, according to a New York Times report.

SpaceX, the rocket and satellite internet company owned by Elon Musk, has received billions of dollars in federal government contracts spanning its over two-decade existence. 

In the same breath, which also shouldn’t be surprising to anyone, the company hasn’t paid little to no taxes since its 2002 founding, and according to internal company documents reviewed by The New York Times, SpaceX has been telling investors that it may never have to pay taxes.

Per The New York Times: 

Love Technology? Get more! Join the Hip-Hop Wired Newsletter

We care about your data. See our privacy policy.

The rocket maker’s finances have long been secret because the company is privately held. But the documents reviewed by The Times show that SpaceX can seize on a legal tax benefit that allows it to use the more than $5 billion in losses it racked up by late 2021 to offset paying future taxable income. President Trump made a change in 2017, during his first term, that eliminated the tax benefit’s expiration date for all companies. For SpaceX, that means that nearly $3 billion of its losses can be indefinitely applied against future taxable income.

Tax experts consulted by The Times said that not having to pay $5 billion in federal income taxes was substantial and notable for a company that has relied on contracts with the U.S. government to an unusual degree.

So basically, Elon Musk had to look no further than his company when it comes to waste because he damn sure wasn’t paying his fair share in taxes. 

Elon Musk Has Been Quiet

Musk has been noticeably quiet following his fallout with Donald Trump that saw the tech billionaire drop bombshell claims like Trump being in the Epstein Files while slamming the orange menace’s “big beautiful bill.”

It still looks like both Trump and Musk are on the outs, and there is still a chance the petty president could say the word and have all of Musk’s government contracts ripped up, to spite the Tesla chief.



Article credit

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleOffset Says A Joint Album With Quavo Is ‘Possible’
Next Article Analyst Says XRP Price Could Explode 44,000% To Cross $1,000
admin
  • Website
  • Facebook

The most informative business website online.

Related Posts

Donald Trump Posts AI-Video of Him Dumping Feces On Protestors

Dame Dash Explains Cam’ron Lawsuit: Contradictions Everywhere

Partynextdoor, G Herbo, & More

Comments are closed.

Don't Miss
Gossip

Cardi B’s Pregnancy Garners Criticism As She Continues Clubbing

Currently expecting her fourth child, Cardi B‘s pregnancy has become a subject of online debate, causing a…

Brandy Reveals A Health Scare Shut Down Her Concert Early

Immortal Ohtani Blasts Dodgers to the World Series

Ebury chooses Birmingham for third UK office launch

Yung Miami’s Daughter Gets Her Own Cosmetics Line

Hennessy and Lebron James Launch a New Collector’s V.S.O.P Limited Edition

Best Dressed At 2025 Dazzle At The Academy Museum Gala

Monica Ends The Boy Is Mine Concert Early As Brandy Rushes Off

Donald Trump Posts AI-Video of Him Dumping Feces On Protestors

How Trump is Building a Violent, Shadowy Federal Police Force — ProPublica

Teacher education roadmap seeks to address specialization mismatch 

Dame Dash Explains Cam’ron Lawsuit: Contradictions Everywhere

Partynextdoor, G Herbo, & More

Tyler Perry Says Accuser ‘Needs Help’ Amid $260M Assault Case

Vic Mensa Accuses Trump Of Causing Division In Chicago

About Us
About Us

LewLewBiz delivers practical insights on entrepreneurship, finance, and business operations. Explore expert advice on payroll, landlord strategies, and industry news to empower your financial decisions and business growth.

We're accepting new partnerships right now.

Email Us: lewlewmedia@gmail.com
Contact: lewlewmedia@info.com

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Cardi B’s Pregnancy Garners Criticism As She Continues Clubbing

Brandy Reveals A Health Scare Shut Down Her Concert Early

Immortal Ohtani Blasts Dodgers to the World Series

Most Popular

Facebook Marketing Place for the Win!

ProPublica Names Kenneth Morales as David Burnham-TRAC Data Fellow — ProPublica

800 Arrests and American Kids Separated in Chicago’s ICE Raids

© 2025 lewlewmedia since 2016
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition

Type above and press Enter to search. Press Esc to cancel.