Musk Says SpaceX Government Revenue Will Shrivel Next Year

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.