US Edition
SpaceX Has Likely Skirted Federal Income Taxes for Decades, Investigation Reveals
5 Articles
5 Articles
SpaceX, Elon Musk’s Internet rocket and satellite company, has received billions of dollars in federal contracts over its more than two decades of existence. But most likely SpaceX has paid little or no federal income tax since its foundation in 2002 and has privately told investors that it may never have to pay any, according to internal company documents reviewed by The New York Times. The rocket manufacturer’s finances have been secret for a …
The Ultimate ROI of SpaceX Is Tech Progress, Not Tax Payments
I have little doubt that die-hard critics of Elon Musk will find fresh evidence for their antipathy in a New York Times investigation of SpaceX. The newspaper reports that the rocket company has likely paid little or no federal income taxes since its 2002 founding, despite pulling in billions from US government contracts. Internal documents show the company had nearly $5.4 billion in accumulated losses by late 2021, giving it a powerful shield a…
SpaceX, one of the world's most valuable companies, avoids federal income taxes - NYTSpaceX has accumulated nearly $5.4 billion in tax losses by avoiding federal income taxes. The company is taking advantage of tax breaks, including loss carryforwards, made possible by changes to the 2017 tax law.
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