The fallout between the president and the rocket maker’s billionaire founder threatened the company’s multibillion-dollar agreements with the government.

Dispute Over ‘Big Beautiful Bill’ Sparks Heated Exchange A fresh war of words has erupted between US President Donald Trump and billionaire entrepreneur Elon Musk, the owner of Tesla and SpaceX. The controversy began when Trump posted a statement accusing Musk’s companies of benefiting from “big subsidies” and lucrative government contracts provided by the US

China’s biggest networks have deployed less than 1 percent of their planned satellites, falling far behind SpaceX for dominance in space communications.

Rocket Lab has increasingly been in the news over mounting anticipation for the first launch of its upcoming Neutron rocket.

Tesla remains Musk’s best-known business, but its fortunes are less directly tied to the government than SpaceX, his rocket-building company.

The White House Press Secretary told reporters that she "doesn't think" Trump wants federal agencies to have contracts with Musk's AI company.

Reuters reports that the Trump administration is actively seeking to reduce the United States government’s reliance on SpaceX. New partners are being sought to help construct the ‘Golden Dome’ missile defense system. SpaceX is already a major player in US military contracts, with Starlink and Starshield satellites around the world.

While some contracts remain under scrutiny, White House and Pentagon officials ultimately concluded most SpaceX deals were critical to national defense and NASA missions, underscoring the company’s dominance in rocket launches and satellite services, the WSJ reported.