Musk ready to cancel SpaceX government contracts at Democrats'...

Musk ready to cancel SpaceX government contracts at Democrats' first word

Following the Democrats' victory in the US midterm elections, Elon Musk stated on X on November 6, 2026, that SpaceX would cancel any government contracts at the first word, noting their share of revenue is less than 10% in the current quarter and less than 5% in a year. He identified the company's main revenue source as AI compute leasing, with its largest client, Anthropic, able to exit with 90 days' notice starting in early 2027.

Compiled by Sergey KostenchukPublished 2026-11-07Updated 2026-11-07

2026-11-07 Business Anthropic

💼 Musk ready to cancel SpaceX contracts

Following the Democrats' victory in the US midterm elections, Musk responded on X on November 6 to calls to cancel SpaceX contracts: “Happy to cancel any that the government doesn't want. Just say the word!”. According to him, government contracts will account for less than 10% of revenue in the current quarter (16.6% in the previous one) and less than 5% in a year.

🌍 According to TNW (Bloomberg, Reuters), SpaceX earns the most from AI compute leasing, with its largest client being Anthropic, which can exit with 90 days' notice starting in 2027. Following the elections, Tesla and SpaceX lost over $450 billion, and Democrats are preparing investigations.

👤 Forks in the road: whether SpaceX will retain compute leasing if Anthropic leaves, and whether investigations will reach NASA and Pentagon contracts. Astronaut landing on Starship remains in effect.

Source 1: https://x.com/EricLDaugh/status/2118740513259975025 Source 2: https://gizmodo.com/musk-says-spacex-government-revenue-will-shrivel-next-year-2000836451

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