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00:02The Trump administration reviewed SpaceX's contracts amid potential cuts following the
00:06president's concerns about Elon Musk's companies, according to the Wall Street Journal.
00:10June review included a request for spreadsheets detailing contract values
00:13and potential alternatives, but officials found most SpaceX deals essential to the missions
00:18of NASA and the Defense Department. SpaceX's reusable rockets, Crew Dragon capsule,
00:23and Starlink internet service remained dominant in government space operations,
00:26with few viable competitors. The company has continued securing contracts,
00:30including a $5.9 billion Pentagon deal for 28 national security launches,
00:35despite Trump's public criticism. Musk, once a Trump ally, clasped with the president
00:39over fiscal policy and decried a spending bill, prompting this path. Officials noted frustration
00:44among industry rivals that acknowledged SpaceX's pricing, reliability, and technology keep it
00:49indispensable. For all things money, visit Benzinga.com.
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