First posted on Instagram
Elon Musk said on Friday that he would gladly cancel any SpaceX government contract the government does not want, telling Senate and House Democrats to "just say the word."
In a post on X on Friday, Musk wrote that SpaceX's contracts with the government are "BOTH the best product AND the lowest price." He said government revenue will be less than 10 percent of SpaceX revenue this quarter and less than 5 percent a year from now, adding that Tesla has no government contracts and that President Donald Trump ended federal incentives for electric vehicles.
Musk was replying to a user who suggested he send a letter to Senate and House Democrats offering to cancel the contracts they criticize, and asking them to publish a list of each contract to cancel. Musk replied "Exactly" and repeated the offer in his own words.
The exchange comes days after Democrats won control of both chambers of Congress in Tuesday's midterm elections. The new Congress takes its seats in January. Politico reported last month that Musk had "emerged as a man of intense interest to several potential committee chairs," with possible lines of inquiry including how the Department of Government Efficiency operated, Musk's actions regarding Starlink and Ukraine, the federal contracts held by his companies, and possible conflicts of interest. Representative Robert Garcia, a senior Democrat on the House Oversight Committee, told Politico: "We definitely have a lot of questions about Elon Musk's role in DOGE, and it is something we plan to investigate."
Former Secretary of State Hillary Clinton has urged Congress to question Musk even if President Trump grants him a pardon, arguing a pardon would remove his ability to invoke the Fifth Amendment. Trump, for his part, has said he would protect Musk if Democrats use a new Congress to go after him.
Musk's businesses are also facing pressure in Texas, where Democrat Gina Hinojosa defeated Governor Greg Abbott in Tuesday's election. SpaceX shares fell in the secondary market after the results, and Tesla fell 11 percent on November 5.
Musk's revenue figures are a forecast, not a reported result. SpaceX's offering documents put the company's 2025 revenue at $18.674 billion, with about one-fifth — roughly $3.7 billion — coming from United States federal government agencies, according to an analysis of the documents. Musk has said commercial Starlink is by far the company's largest source of revenue.