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 >
Spanish utility Cox cuts IPO size to $186 mln from $236 mln
Spanish utility Cox cuts IPO size to $186 mln from $236 mln
Nov 12, 2024
MADRID, Nov 12 (Reuters) - Spanish clean energy and water utility Cox has reduced the size of its initial public offering to about 175 million euros ($186 million) from a previous 222 million euros, the company said in a filing to the stock market regulator CNMV on Tuesday. The company, which announced its IPO plans on Nov. 5, added it...
ImmunityBio Q3 Net Loss Narrows, Revenue Rises
ImmunityBio Q3 Net Loss Narrows, Revenue Rises
Nov 12, 2024
09:05 AM EST, 11/12/2024 (MT Newswires) -- ImmunityBio ( IBRX ) reported Q3 net loss Tuesday of $0.14 per diluted share, narrower than the loss of $0.19 a year earlier. Two analysts polled by Capital IQ expected a loss of $0.18. Revenue for the quarter ended Sept. 30 was $6.1 million, up from around $82,000 a year earlier. Three analysts...
Loar Likely to Benefit From Strong A&D Fundamentals in Q3, RBC Says
Loar Likely to Benefit From Strong A&D Fundamentals in Q3, RBC Says
Nov 12, 2024
12:41 PM EST, 11/12/2024 (MT Newswires) -- Loar Holdings ( LOAR ) is expected to gain in Q3 from strong Aerospace & Defense fundamentals, scarcity value, and a positive M&A landscape, RBC Capital Markets said in a report emailed Tuesday. Loar ( LOAR ) will report its Q3 earnings on Wednesday, RBC said. We expect the company to exceed 3Q24...
Packaging Corp Of America Insider Sold Shares Worth $3,007,738, According to a Recent SEC Filing
Packaging Corp Of America Insider Sold Shares Worth $3,007,738, According to a Recent SEC Filing
Nov 12, 2024
12:43 PM EST, 11/12/2024 (MT Newswires) -- Robert P. Mundy, Executive Vice President & CFO, on November 08, 2024, sold 12,500 shares in Packaging Corp Of America ( PKG ) for $3,007,738. Following the Form 4 filing with the SEC, Mundy has control over a total of 43,954 shares of the company, with 43,954 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/75677/000095017024124978/xslF345X05/ownership.xml...
Copyright 2023-2026 - www.financetom.com All Rights Reserved