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Benzinga
Benzinga
Business
Namrata Sen

Elon Musk Stresses 'Zero Handouts' In NASA Deals, Predicts SpaceX Revenue To Be 7% of Agency's In 2025

In,This,Photo,Illustration,,The,Spacex,Logo,Can,Be,Seen

Elon Musk, CEO of SpaceX, has clarified that the company’s revenue from NASA is derived from competitive contracts and not government handouts.

Musk posted on X that the company’s revenue from NASA constitutes about 7% of its total $15 billion earnings for the year. He emphasized that these funds were won through competitive bids for various contracts, including astronaut and cargo transport to the Space Station, launching research satellites, and lunar missions. Musk insisted that there were “zero handouts.”

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