Elon Musk says SpaceX government revenue will fall below 10% this quarter
Elon Musk stated that government contracts will make up less than 10% of SpaceX's revenue this quarter and drop below 5% within a year, adding that Tesla holds no government contracts.
Government contracts will account for less than 10% of SpaceX's total revenue during the current quarter, according to comments made by Elon Musk on November 6, 2026. Musk also noted that electric vehicle maker Tesla holds no government contracts.[1][6]
The sub-10% figure marks a continued decline in SpaceX's reliance on public funding. According to a Bloomberg report cited by Techmeme, U.S. government contracts accounted for 16.6% of SpaceX's revenue last quarter and approximately 20% across 2025. Musk projected that the government's share of revenue will fall below 5% within a year.[2][3][4][5]
Musk emphasized that SpaceX remains open to walking away from federal agreements if requested, writing that the company is happy to cancel any contracts that the government does not want.[4][5]
Key facts
- Elon Musk said government contracts will account for less than 10% of SpaceX's revenue this quarter.
- Government contracts represented 16.6% of SpaceX's revenue last quarter and around 20% in 2025, according to Bloomberg.
- Musk projected that government revenue will fall below 5% of SpaceX's total revenue within one year.
- Musk stated that Tesla currently has no government contracts.
- Musk stated that SpaceX is willing to cancel any government contracts that officials do not want.
Sources · 6 sources
- SB
Shay Boloor@StockSavvyShayPost on X ·
Elon Musk says government revenue will account for less than 10% of $SPCX this quarter and $TSLA has no government contracts. And I think that matters for a potential SpaceX and Tesla merger because combined company would be overwhelmingly commercial with its real political exposure coming through regulatory approvals rather than government contracts.
Open source - PO
Polymarket@PolymarketPost on X ·
JUST IN: Elon Musk reveals SpaceX's government revenue will fall below 5% of total revenue within a year.
Open source - TE
Techmeme@TechmemePost on X ·
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 (Bloomberg) (Visit Techmeme dot com for the link and full context!)
Open source - MN
Mario Nawfal@MarioNawfalPost on X ·
🚀🇺🇸Elon: “Happy to cancel any that the government doesn’t want. Just say the word!” SpaceX delivers the best product at the lowest price and government revenue is already a tiny (and shrinking) part of the business. “Government revenue will be less than 10% of SpaceX revenue this quarter and less then 5% a year from now.” Democrats threatening him is just pathetic and pointless. America needs more of this energy, not less 🔥 Writer: Bri https://t.co/HcL6I7k5By
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Elon Musk says he is happy to cancel any SpaceX government contracts the government doesn't want. He says less than 10% of SpaceX's money comes from the government this quarter, and it will drop below 5% in a year.
Open source - WS
Wall St Engine@wallstenginePost on X ·
Elon Musk says government revenue will be less than 10% of SpaceX's revenue this quarter, and that Tesla has no government contracts. https://t.co/ecHx64PSmF
Open source