SpaceX warned investors that Elon Musk may return to government roles in the future

SpaceX has just confirmed what many in Washington already suspected; Elon Musk’s government chapter isn’t closed.

The company quietly inserted a political disclosure in its latest investor tender, stating that Elon “may in the future serve in similar roles and devote significant time and energy to such roles,” referring to his earlier appointment under President Donald Trump’s new administration.

The update was part of investor documents released Tuesday, and it’s the first time this language has appeared in any of SpaceX’s financial offers.

Elon officially joined Trump’s government earlier this year as a senior adviser focused on the Department of Government Efficiency. That alliance didn’t last. Just two months ago, the relationship collapsed publicly. 

Elon blasted both Trump and congressional Republicans after a tax-and-spend deal passed, calling them “fake fiscal conservatives” in a post on X. He also vowed to launch a new party called the “America Party,” saying it was time to “take power back for the people.” He hasn’t talked much about it since. But this new filing makes one thing clear, he hasn’t dropped the idea entirely.

SpaceX adds political risks to $400B valuation deal

This warning came packaged with SpaceX’s latest tender offer, which allows employees and early investors to sell part of their stakes. The company, which is still private, is offering to buy back up to $1.25 billion in shares, Bloomberg reported. SpaceX’s internal valuation now stands at around $400 billion, making it the most valuable private company in the world.

This tender language was added under the “risk factors” section, where companies usually highlight anything that could affect business operations. Given Elon’s unpredictable political moves, SpaceX seems to be warning investors not to assume he’ll stay on the sidelines.

Despite claiming in May that he’d refocus on his core businesses (Tesla, xAI, and SpaceX), Elon has continued mixing politics and enterprise. “Back to working 7 days a week and sleeping in the office if my little kids are away,” he posted on X weeks after attacking Trump.

None of this comes as a surprise to those watching closely. SpaceX is deeply tied to the U.S. government. It’s a top contractor for NASA and the Department of Defense, launching Falcon rockets, developing Starship, and running a vast network of over 8,000 Starlink satellites in orbit.

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