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Hannah Collymore

Elon Musk rebuts subsidy claims on X, saying aid is 1% of Tesla and SpaceX value

In a recent exchange on X, Elon Musk rejected allegations that U.S. government support underpins Tesla and SpaceX, asserting such assistance represents about 1% of their value. He responded to a user who alleged subsidies and contracts drive his success, as SpaceX also referenced $739 million in Pentagon launch awards and a potential mid‑2026 IPO.
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