Trump Seeks to Partner with SpaceX for "Cutting Off" Business, Deems it Integral Upon Review

By: theblockbeats.news|2025/07/20 10:22:12
0
Share
copy

BlockBeats News, July 20th, according to The Wall Street Journal, sources said that just days after Trump raised the possibility in early June of cutting ties with Musk's companies, the government began reviewing SpaceX's contracts with the federal government. However, officials believed that most contracts could not be canceled because they are crucial to the Department of Defense and NASA.

After Musk escalated personal attacks on Trump on June 5th, Trump claimed that the simplest way to save federal funds was to "terminate" Musk's company contracts. A few days later, a senior official at the U.S. General Services Administration requested the Department of Defense, NASA, and other federal agencies to fill out an electronic form listing all current contracts and other transaction agreements with SpaceX. After reviewing this data, White House and agency officials, including the Pentagon, concluded that most contracts are crucial to the Department of Defense and NASA. Sources said that some of SpaceX's contracts may continue to be reviewed.

You may also like

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?

Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

How does the GENIUS Act reshape the stablecoin landscape?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion

A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com