In the latest tender offer document from SpaceX, a new piece of information is emerging: this billionaire may not have truly exited the political stage.
Musk previously served as a senior advisor to Trump and led the government efficiency department. According to Bloomberg documents and insiders, “in the future, he might hold similar positions and devote a significant amount of time and energy to them.”
The current tender offer for SpaceX values it at approximately $400 billion, making it the most valuable private company globally. Musk himself and representatives from SpaceX have not commented on this matter.
Political stances are inconsistent, leaving the future uncertain
Since officially stepping down from the Trump administration at the end of May this year, Musk’s public statements on politics have been inconsistent.
In May, he stated his focus would return to Tesla, xAI, and its business empire, and reduce political donations. However, after publicly clashing with Trump, Musk turned against the president and Republican congressional members supporting tax and spending proposals, vowing to form a new party in July to expel relevant lawmakers from Congress.
However, several weeks later, Musk claimed his attention had returned to the operations of his five companies. He posted on social media X saying, “If my children aren’t around, I work seven days a week and sleep in the office.”
Yet, the warnings in the tender offer document for SpaceX remind investors that in Musk’s world, or in the Trump administration’s world, nothing is certain.
SpaceX is a key contractor of the U.S. government, deeply collaborating with NASA and the military. Besides launching the Falcon rocket and developing the Starship for Mars missions, the company also operates a space communication network consisting of about 8,000 Starlink satellites.
As part of this tender offer, SpaceX allows specific shareholders to sell their shares. According to Bloomberg, the company plans to repurchase up to $1.25 billion worth of employee and shareholder holdings. Such partial liquidity schemes are increasingly common among startups that maintain a long-term private status, providing early employees and investors with an opportunity to cash out.