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Gizmodo

Musk Says SpaceX Government Revenue Will Shrivel Next Year

AI Market Summary
Guidance from Musk that SpaceX government contracts will fall below 10% of revenue this quarter and to 5% next year, from 16.6%, signals reduced revenue certainty and weaker public-sector support. Coupled with the reported $450 billion combined market-value loss for Tesla and SpaceX after the election, the news reinforces near-term pressure on Musk-linked assets and sentiment.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT+0.20%
AI Insight · NCSKSPCX2USD/USDTAI Insight
▼ Bearish
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Musk wants you to know he is not worried about a Democrat-led Congress.
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