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

What is the connection between Huang Zheng of Pinduoduo and blockchain?

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

If the AI bubble has already burst, who will truly remain?

Paul Graham: How to Make a Billion Dollars

After 18 years, blockchain has finally started to head towards the main channel

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

Value Distribution of Stablecoins

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

