Signal

Elon Musk says US government contracts will account for under 10% of SpaceX's revenue this quarter, down from 16.6% last quarter and around 20% in 2025

First reported by Bloomberg · 1h ago

The signal ●●●○ Compiled by AI from Bloomberg, Techmeme and Quartz

Why you might care

SpaceX's decreasing reliance on government contracts may change pricing or availability for commercial launches.

What happened

Elon Musk stated that US government contracts will represent less than 10% of SpaceX's revenue this quarter, a decrease from 16.6% last quarter and an estimated 20% in 2025.

What it means

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SpaceX is intentionally reducing its dependence on government contracts. This strategic shift suggests a greater emphasis on commercial activities and potentially broader market engagement.

AI-written summary. May contain errors.

EVs Space

Elon Musk says US government contracts will account for under 10% of SpaceX's revenue this quarter, down from 16.6% last quarter and around 20% in 2025

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