💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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Musk calls Bannon a "fool" and emphasizes that SpaceX's revenue is expected to exceed $15 billion this year.
Gate News bot message, former senior advisor and chief strategist to Trump, Bannon, previously stated that 90% of SpaceX's revenue comes from government contracts, and the company has just raised funds at a valuation of $318 billion. He believes that Musk owns 50% of the shares, so he has earned a net worth of $100 to $150 billion from government contracts.
Musk later responded by calling Bannon a "stupid liar," stating that SpaceX's revenue this year will reach $15.5 billion, while NASA only has $1.1 billion. In this portion of NASA's revenue, SpaceX transports all astronauts to the space station at about half the cost of Boeing, while Boeing has yet to complete a return of a single astronaut and had to be rescued by SpaceX. If we follow Bannon's absurd logic, then just by having purchased a product from a certain company, we would automatically own that company.
Source: Jin Ten