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

Only 43% ROI on $1, why are 87% of Polymarket traders in the red?

After L2 Fraud, Ethereum Turns to ‘Economic Zone’ Self-Help

AI has simultaneously created a shortage and surplus of memory

How Can the Average Person Win in the 2026 AI Boom?

When Wall Street Meets Crypto, Here's Your "Stock Market Beginner & Advanced Guide"

StandX Introduces SIP1 and SIP2: Holding Subsidy Mechanism Launched, Reshaping On-Chain Trading and Reward Structure

Decoding Aave V4: A Shift from Product to "Banking"

Huobi HTX Releases "2026 Digital Asset Trends Whitepaper": Global Liquidity Reconfiguration, Defining the New Era of "On-Chain Finance"

PUMP Valuation Breakdown: Debunking On-Chain Data “Wash Trading” Narrative, Where Does the Real Discount Come From?

StandX launches SIP1 and SIP2: Position subsidy mechanism goes live, reshaping on-chain trading and revenue structure

Huobi HTX Releases the "2026 Digital Asset Trend White Paper": Global Liquidity Restructuring, Defining a New Sovereign Era of "On-Chain Finance"

DeFi Governance Revolution

Encrypted CEX is becoming a historical species

Who Pays for War? | Rewire News Morning Digest

Oil Price Surges Above $100, Yield Curve Inverts: U.S. Bonds Have Already Told the Market What Is Coming

Apple at 50: The Departure of Genius, the Permanence of the Machine

Disruption in the 13-week consecutive buying spree, What is the Strategy's Intent?

