Elon Musk’s SpaceX has paid little to no federal income tax since its 2002 launch, despite securing billions of dollars in U.S. government contracts. A tax maneuver rooted in more than $5 billion in accumulated losses—and made indefinite by a 2017 law—continues to shield the rocket company from the IRS.

SpaceX’s recent launch of 24 satellites marks a significant step in Amazon’s Project Kuiper, aiming to deliver low-cost, high-speed internet across the globe. This collaboration underscores a pivotal move towards enhancing global connectivity.

SpaceX’s journey to Mars faced another obstacle as Starship 36 exploded during a routine test in Texas. The incident casts a shadow over Elon Musk’s ambitious plans for interplanetary travel.

A SpaceX rocket undergoing tests at the company’s Texas facility erupted in a massive fireball late Wednesday night. Despite the dramatic explosion, no injuries were reported.

SpaceX has successfully launched 27 new Starlink satellites from California, adding to its growing constellation.

Elon Musk announced $150 billion in cost savings for fiscal year 2026 during a Cabinet meeting on Thursday. However, this figure is significantly less than the ambitious $1 trillion he had previously promised to slash, allegedly through Dogecoin.