SpaceX flags Musk’s political comeback as new investor risk: Report

Elon Musk’s SpaceX has quietly warned investors that its founder might return to US politics, an unexpected new “risk factor” included in its latest investor documents, Bloomberg News reported on Tuesday.

According to the report, SpaceX inserted the language in materials for a tender offer sent to investors, flagging the possibility of Musk reentering the political arena. This is the first time this kind of cautionary note has appeared in the company’s financial paperwork.

The investor memo comes as SpaceX eyes a fresh insider share sale that could value the private space firm at about $400 billion, Bloomberg reported last week.

While SpaceX declined to comment on the development, the political comeback warning arrives at a volatile time for Musk. Musk spent nearly USD 300 million in 2024 to help Trump and other Republicans get elected. He led the administration’s sweeping cost-cutting campaign, upending several federal agencies, but ultimately failed to deliver the massive savings he had sought.

Musk’s tenure was marked by aggressive cost-cutting across several federal agencies. But despite those efforts, the billionaire “ultimately failed to deliver the massive savings he had sought,” the report notes.

In a twist, Musk’s alliance with Trump came to an end this summer. After a June 5 clash and Trump’s signing of a major tax bill in July, Musk responded by launching a new political party.

Musk on Sunday said that he’s now “back to working seven days a week and sleeping in the office,” suggesting his ambitions, whether political or professional—aren’t slowing down anytime soon.

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