On Thursday, Eric Trump pushed back against criticism of Space Exploration Technologies Corp’s (NASDAQ:SPCX) Starlink service, arguing the company’s broader achievements in space exploration far outweigh concerns raised in an Opinion column.
Eric Trump Defends SpaceX, Cites Launch Dominance
Eric Trump, co-founder of World Liberty Financial and son of President Donald Trump, criticized a Bloomberg Opinion column that accused SpaceX of “overpromising and underdelivering” on its direct-to-cell capabilities for Starlink satellites.
Responding on X, Eric Trump argued the criticism ignored SpaceX’s industry-leading accomplishments.
Quoting the phrase “overpromising and underdelivering,” he wrote that SpaceX launched roughly 80% to 85% of all mass sent into orbit in 2025, while China accounted for about 8% to 10%.
He also pointed to 165 successful Falcon launches with zero failures and said the company’s reusable boosters have flown more than 30 times.
“One private company outpaced the rest of Earth (far exceeding the two largest superpowers),” Eric Trump wrote.
"overpromising and underdelivering"
— Eric Trump (@EricTrump) August 6, 2026
SpaceX launched ~80-85% of ALL mass to orbit in 2025. To put that in context, China did ~8-10%. One private company outpaced the rest of Earth (far exceeding the two largest superpowers). 165 successful Falcon flights with zero failures.… https://t.co/LnAQzf2XgH
Elon Musk Backs Eric Trump, Slams Bloomberg
SpaceX CEO Elon Musk quickly backed Trump’s comments and reacted on the post.
Bloomberg is garbage
— Elon Musk (@elonmusk) August 6, 2026
The criticism was directed at a Bloomberg Opinion column by Thomas Black.
SpaceX and Bloomberg did not immediately respond to Benzinga’s request for comment.
SpaceX Tops Estimates As AI Compute Demand Grows
Earlier this week, SpaceX reported second-quarter revenue of $7.81 billion, up 92% year over year and ahead of Wall Street estimates of $6.93 billion.
The company ended the quarter with $100 billion in cash and cash equivalents, a $47.5 billion backlog, and said it continues to see strong demand across all three business segments, especially cloud services.
It also expects the AI compute supply-demand imbalance to persist, with new compute investments currently paying back in less than one year.
Price Action: SpaceX shares closed 6.14% higher at $114.92 on Thursday and slipped 0.37% to $114.50 in after-hours trading. Despite the day’s rally, the stock remains down 28.36% over the past month, according to Benzinga Pro.
According to Benzinga Edge Stock Rankings, SpaceX continues to trend bearish across the short-, medium- and long-term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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