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

By: theblockbeats.news|2025/07/20 10:22:12
0
Share
copy

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

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place. 

Blockchain Capital Partner: The Core Secret of Arbitrage

On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Overview of Important Market Events on June 17

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com