financetom
Business
financetom
/
Business
/
Market Chatter: Trump Mulls Reduced Role for SpaceX in Golden Dome Project as Musk Relationship Sours
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Trump Mulls Reduced Role for SpaceX in Golden Dome Project as Musk Relationship Sours
Jul 22, 2025 5:13 AM

07:47 AM EDT, 07/22/2025 (MT Newswires) -- The White House is searching for partners to construct the Golden Dome missile defense system, marking a pivot away from SpaceX amid President Donald Trump's worsening relationship with its founder, Elon Musk, Reuters reported Tuesday, citing three sources familiar with the matter.

SpaceX, along with Palantir ( PLTR ) and Anduril were initially considered to be the frontrunners to win the lion's share of the $175 billion project when it was announced earlier this year. After Musk's fallout with Trump, the White House has begun courting Amazon.com's ( AMZN ) Project Kuiper, as well as big defense contractors, the news agency reported.

SpaceX is still expected to play a significant role in the project due to its size, track record of launches and experiences in government procurement, the sources reportedly told Reuters.

SpaceX did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Masco Recommends Shareholders to Reject TRC Capital Unsolicited Mini-Tender Offer
Masco Recommends Shareholders to Reject TRC Capital Unsolicited Mini-Tender Offer
Jun 12, 2024
05:53 PM EDT, 06/12/2024 (MT Newswires) -- Masco ( MAS ) said Wednesday it received an unsolicited mini-tender offer by TRC Capital Investment of Ontario, Canada to buy for cash up to 2 million outstanding shares of the company at $64 a piece. The offer is for about 0.9% of Masco's ( MAS ) outstanding shares as of Tuesday, according...
Samsara Insider Sold Shares Worth $641,913, According to a Recent SEC Filing
Samsara Insider Sold Shares Worth $641,913, According to a Recent SEC Filing
Jun 12, 2024
05:57 PM EDT, 06/12/2024 (MT Newswires) -- Dominic Phillips, Executive Vice President, Chief Financial Officer, on June 10, 2024, sold 21,053 shares in Samsara (IOT) for $641,913. Following the Form 4 filing with the SEC, Phillips has control over a total of 2,199,805 shares of the company, with 1,137,989 shares held directly and 1,061,816 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1642896/000141588924016539/xslF345X03/form4-06122024_090609.xml Price:...
Photronics Says Chief Administrative Officer Richelle Burr Placed on Paid Administrative Leave
Photronics Says Chief Administrative Officer Richelle Burr Placed on Paid Administrative Leave
Jun 12, 2024
05:55 PM EDT, 06/12/2024 (MT Newswires) -- Photronics ( PLAB ) said Wednesday in a filing that it placed Chief Administrative Officer Richelle Burr and a named executive officer on paid administrative leave while an internal review is underway regarding certain company transactions and other matters. During her absence, other company personnel and outside counsel will perform the functions of...
BeyondSpring Raises $3 Million via Stock Sale
BeyondSpring Raises $3 Million via Stock Sale
Jun 12, 2024
05:53 PM EDT, 06/12/2024 (MT Newswires) -- BeyondSpring ( BYSI ) said Wednesday it sold approximately 1.3 million shares to Dr. Quanqi Song at $2.36 apiece. The company raised roughly $3 million in gross proceeds from the offering, according to a regulatory filing. The company plans to use the net proceeds to fund research and development, and for general corporate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved