Eric Trump and Musk attack Bloomberg over SpaceX coverage

Eric Trump went after Bloomberg on Thursday for its description of SpaceX as “overpromising and underdelivering.” 

Eric Trump posted launch figures on X in defense of the company, and was later joined by Elon Musk, who wrote that “Bloomberg is garbage.”

“Bloomberg is garbage,” says Elon Musk 

In its recent coverage of SpaceX, Bloomberg referred to the company as one that overpromises and underdelivers, sparking the ire of both Eric Trump and Elon Musk. 

Eric Trump responded by quoting Bloomberg’s “overpromising and underdelivering” line with statistics that show that SpaceX was responsible for roughly 80 to 85% of all mass launched to orbit in 2025, compared to about 8 to 10% for China. He also said that the company completed “165 successful Falcon flights with zero failures.”

Musk’s reply was shorter, simply writing, “Bloomberg is garbage,” to his followers. The post drew more than 1,600 likes within hours.

The “overpromising” charge that Eric Trump was trying to disprove relates to targets Musk has set but not yet met. 

Musk has a record of disputes over his public statements, including an announced plan to take Tesla (NASDAQ: TSLA) private that never happened.

Cryptopolitan reported SpaceX’s first earnings. SpaceX reported $7.81 billion in second-quarter revenue, up 92% from a year earlier, but also a $541 million net loss and $18.37 billion in quarterly capital spending. 

Company executives said the 13th Starship test still needs regulatory approval before it can happen. They also said a Starlink upgrade will not be fully available to customers until about 1,000 new satellites are in orbit. 

SpaceX’s Starship program has cost over $15 billion so far, including $3 billion in 2025 and nearly $900 million in early 2026. The company expects Starship to start delivering payloads to orbit in the second half of 2026, but that milestone remains ahead of it.

Why do Eric Trump and Elon Musk keep attacking the media? 

Eric Trump told Fox News host Sean Hannity back in 2017 that critics of his father were “not even people.” He also called the news media “out of control.” That same year, he told a radio show that dwelling on negative coverage could push someone to “end up killing yourself out of depression.”

During the 2024 campaign, he defended claims about FEMA that officials had labeled disinformation, telling Scripps News, “It’s not misinformation. FEMA has run out of money.”

Musk has had many similar clashes that have escalated as his platform has grown. The Guardian columnist Jane Martinson wrote about Musk’s interview with Zanny Minton Beddoes, the editor-in-chief of The Economist, who he called a “traitor to the West” after the interview ended. He also said the mainstream press is a “reality distortion nightmare mirror.” 

A separate spat with President Donald Trump in June 2025 erased $34 billion from Musk’s net worth in a single day. During that dispute, Musk threatened to decommission SpaceX’s Dragon spacecraft but ultimately reversed his decision five hours later.

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