Trump Seeks to Partner with SpaceX for "Cutting Off" Business, Deems it Integral Upon Review
BlockBeats News, July 20th, according to The Wall Street Journal, sources said that just days after Trump raised the possibility in early June of cutting ties with Musk's companies, the government began reviewing SpaceX's contracts with the federal government. However, officials believed that most contracts could not be canceled because they are crucial to the Department of Defense and NASA.
After Musk escalated personal attacks on Trump on June 5th, Trump claimed that the simplest way to save federal funds was to "terminate" Musk's company contracts. A few days later, a senior official at the U.S. General Services Administration requested the Department of Defense, NASA, and other federal agencies to fill out an electronic form listing all current contracts and other transaction agreements with SpaceX. After reviewing this data, White House and agency officials, including the Pentagon, concluded that most contracts are crucial to the Department of Defense and NASA. Sources said that some of SpaceX's contracts may continue to be reviewed.
You may also like

Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…

Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…

Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…

Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…

James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…

Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…

New Whale Activity: 33,998 ETH Withdrawn from Kraken
Key Takeaways A new Ethereum whale with the address starting 0xD77 has withdrawn 33,998 ETH from Kraken. The…

Bernstein’s Insight: Bitcoin’s Potential Trajectory Toward $150,000 by End of 2026
Key Takeaways Bernstein predicts Bitcoin could rise to $150,000 by the end of 2026. The market is shifting…

Why Is The Crypto Market Up Today?
Key Takeaways The cryptocurrency market experienced a $114 billion surge, with Bitcoin leading by breaking above $71,000. Bitcoin’s…

SlowMist’s Latest Alert: A Deep Dive into LiteLLM’s Data Breach
Key Takeaways SlowMist identifies a major breach in the LiteLLM library, with approximately 300GB of sensitive data compromised.…

SpaceX Stock Prediction: Hitting $1,200 at 2026 IPO?
Key Takeaways Elon Musk confirms SpaceX is advancing its IPO plans, with expected filing as early as weeks…

Safello’s Bittensor Staked TAO ETP on Nasdaq Stockholm: A New Horizon
Key Takeaways: Bittensor Staked TAO ETP (STAO) by Safello is now listed on Nasdaq Stockholm. The ETP offers…

Bittensor (TAO) +18%: Essential Insights for Investors
Key Takeaways: The Bittensor (TAO) market has shifted from speculative potential to verified utility, marking an 18% rise…

Bittensor Surge: Understanding the TAO’s Bullish Performance and Institutional Inflows
Key Takeaways: Bittensor (TAO) is regarded as a key asset for institutional investors with a recent listing on…

Bittensor (TAO) Price Surge Sparks Intrigue: Is a Breakout Above Resistance Near?
Key Takeaways: Bittensor’s TAOUSD price has surged over 66%, breaching the $300 mark for the first time since…

Ethereum Price Prediction: Navigating Scaling, Security, and AI in 2026
Key Takeaways: Ethereum price remains in a critical range between $2,100–$2,350, with directional control uncertain. Vitalik Buterin’s criticisms…

Bittensor (TAO) +18%: Critical Insights for Investors
Key Takeaways: Bittensor’s (TAO) recent 18% surge indicates a shift from potential to proven utility. The asset’s trading…

Bittensor (TAO) Gains Strength—Is a Breakout Above Resistance Imminent?
Key Takeaways: Bittensor TAOUSD price has surged over 66%, testing $300 for the first time since early January.…
Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…
Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…
Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…
Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…
James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…
Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…
