Close Menu
Best in TechnologyBest in Technology
  • News
  • Phones
  • Laptops
  • Gadgets
  • Gaming
  • AI
  • Tips
  • More
    • Web Stories
    • Global
    • Press Release

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

What's On

Game of Thrones: War For Westeros Announced

7 June 2025

Shinobi: Art of Vengeance Preview – Slicing And Dicing

7 June 2025

Samsung Teases Z Fold Ultra, Bing Gets AI Video, and Nothing Sets A Date—Your Gear News of the Week

7 June 2025
Facebook X (Twitter) Instagram
Just In
  • Game of Thrones: War For Westeros Announced
  • Shinobi: Art of Vengeance Preview – Slicing And Dicing
  • Samsung Teases Z Fold Ultra, Bing Gets AI Video, and Nothing Sets A Date—Your Gear News of the Week
  • Wu-Tang: Rise of the Deceiver Preview – Bringing Da Ruckus
  • The Best Backpacking Tents
  • Lego Voyagers Is The Next Game From The Team Behind Lego Builder’s Journey
  • Security News This Week: The Mystery of iPhone Crashes That Apple Denies Are Linked to Chinese Hacking
  • Lies of P Review – Exemplary Encore
Facebook X (Twitter) Instagram Pinterest Vimeo
Best in TechnologyBest in Technology
  • News
  • Phones
  • Laptops
  • Gadgets
  • Gaming
  • AI
  • Tips
  • More
    • Web Stories
    • Global
    • Press Release
Subscribe
Best in TechnologyBest in Technology
Home » Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts
News

Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts

News RoomBy News Room6 June 20253 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

The data show the US is also on the hook for about $14 billion for SpaceX’s Starlink internet service at numerous offices, such as a Department of Interior facility in Nevada.

The data could be outdated or include errors, but many of the listed figures line up with press releases from agencies such as the US Space Force. Some of the funding is subject to congressional approval, and a portion could end up going to SpaceX’s rivals.

But SpaceX’s competitors have faced numerous technical setbacks, and Musk’s company remains the dominant market leader. The billionaire said this week that SpaceX would earn about $15.5 billion in revenue this year, nearly double estimates from two years ago. SpaceX has accounted for 134 of the 166 orbital launches in the US so far this year, according to tracking by Jonathan McDowell, an astrophysicist at the Harvard-Smithsonian Center for Astrophysics.

WIRED didn’t review detailed contracts or search for deals the government may have struck with Musk’s companies through intermediaries. For instance, some government agencies may be buying ads on Musk’s X social media platform through advertising agencies.

The government’s vehicle fleet includes Tesla electric vehicles, according to documents online, and the General Services Administration recently paid the company for maintenance.

But the GSA’s annual Federal Fleet Report doesn’t break down the number of vehicles by manufacturer or offer details on future spending. The report lists 7,706 battery-electric vehicles in the government fleet. Earlier this year, the Trump administration paused orders for new zero-emission vehicles, dealing a blow to companies such as Tesla.

DOGE Pinching

Musk’s companies have benefited from government support for years. In February, an analysis by The Washington Post found Musk businesses had received at least $38 billion since 2003 in government contracts, loans, subsidies and tax credits across the US, including at the state and local levels. A New York Times analysis from October identified at least $15.4 billion in federal government contracts over the past decade for Tesla and SpaceX.

But Musk himself has tried to take a chain saw to federal spending through his work leading the Trump administration’s Department of Government Efficiency, which claims to have saved $180 billion since January, including by canceling contracts, though that figure remains highly disputed.

Some of DOGE’s efforts were temporarily blocked by the federal courts and also drew protests from federal labor unions, public activists, Congress, states, and even Trump’s own aides and cabinet secretaries. Last month, Musk said he was stepping away from DOGE work to focus on his companies.

Trump’s cost-cutting initiatives haven’t stopped, though. Hiring freezes remain in effect, and the importance of stretching each dollar further is being emphasized more than ever at many federal agencies, according to representatives at two companies with major government contracts. They declined to be named out of fear of retribution from Trump.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleiFixit Says Switch 2 Is Probably Still Drift Prone
Next Article Neil Patrick Harris Stars In Newly Announced Deadpool VR

Related Articles

News

Samsung Teases Z Fold Ultra, Bing Gets AI Video, and Nothing Sets A Date—Your Gear News of the Week

7 June 2025
News

The Best Backpacking Tents

7 June 2025
News

Security News This Week: The Mystery of iPhone Crashes That Apple Denies Are Linked to Chinese Hacking

7 June 2025
News

Tech Up Your Sourdough With These Upper-Crust Baking Gadgets

7 June 2025
News

Everything You Need to Know About MicroSD Express

7 June 2025
News

Uber Just Reinvented the Bus … Again

7 June 2025
Demo
Top Articles

Costco partners with Electric Era to bring back EV charging in the U.S.

28 October 202495 Views

ChatGPT o1 vs. o1-mini vs. 4o: Which should you use?

15 December 202493 Views

5 laptops to buy instead of the M4 MacBook Pro

17 November 202466 Views

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

Latest News
Gaming

Lego Voyagers Is The Next Game From The Team Behind Lego Builder’s Journey

News Room7 June 2025
News

Security News This Week: The Mystery of iPhone Crashes That Apple Denies Are Linked to Chinese Hacking

News Room7 June 2025
Gaming

Lies of P Review – Exemplary Encore

News Room7 June 2025
Most Popular

The Spectacular Burnout of a Solar Panel Salesman

13 January 2025123 Views

Costco partners with Electric Era to bring back EV charging in the U.S.

28 October 202495 Views

ChatGPT o1 vs. o1-mini vs. 4o: Which should you use?

15 December 202493 Views
Our Picks

Wu-Tang: Rise of the Deceiver Preview – Bringing Da Ruckus

7 June 2025

The Best Backpacking Tents

7 June 2025

Lego Voyagers Is The Next Game From The Team Behind Lego Builder’s Journey

7 June 2025

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact Us
© 2025 Best in Technology. All Rights Reserved.

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