“The only way that we can extend consciousness beyond Earth on a sustained basis is with a fully reusable orbital launch vehicle,” Musk said, calling the attempt, if successful, “a massive technology milestone.” <\/p>\n
SpaceX hopes to get Starship on a regular launch pattern in preparation for NASA’s upcoming lunar missions. <\/p>\n
The company already has huge contracts with the federal government, and House Democrats have called for investigations into those contracts and Musk’s work with the Department of Government Efficiency. Musk has spent $276 million<\/a> since July in support of Republican candidates. <\/p>\n In a filing for its initial public offering in June<\/a>, SpaceX warned that a change in control of Congress could have a “material and adverse impact on our growth and competitive position.” <\/p>\n Musk recently drew criticism from politicians in Washington after speeds for a military version of SpaceX’s satellite communications service were slowed for Ukraine<\/a> following President Donald Trump’s deal to get more diesel oil from Russia amid a push to end the war. The Wall Street Journal reported Tuesday that it was Musk who ordered the slowdown, impeding Ukraine’s use of drones along the front. SpaceX did not immediately respond to an Associated Press request for comment on the Journal story. <\/p>\n Both Trump and Musk have denied responsibility for the slowdown. <\/p>\n As midterm elections near, Musk on Monday promised to give one share of SpaceX to “every kid in America”<\/a> next year, though he provided no details on how the distribution would be carried out. With communities nationwide protesting the construction of large data centers<\/a> and concerns about AI safety<\/a>, AI companies are trying to build goodwill. Anthropic pledged to commit 5% of its shares to a new “public benefit” fund. <\/p>\n SpaceX shares have been under pressure over concerns that the company was spending too much on major projects to compete with rivals such as Anthropic. The company said capital expenditures totaled $19.6 billion last quarter, nearly triple the figure from a year earlier, and it forecast spending would grow to $35 billion to $40 billion in the current quarter. <\/p>\n Shares of SpaceX closed Tuesday at $147.79, down from a peak near $201 after its IPO, which made Musk the world’s first trillionaire at the time. But the share prices for SpaceX and Tesla have since dropped, reducing his net worth to $925 billion, according to Forbes magazine. <\/p>\n Tesla reports third-quarter financial results Wednesday. Last week, Tesla unveiled a new Roadster sports car that in some versions may include thrusters allowing it to briefly fly using SpaceX technology \u2014 though experts say anything usable for drivers is a long shot. <\/p>\n Bernard Condon, The Associated Press <\/p>\n