SpaceX government contracts to be under 10% of revenue, Musk says

SpaceX will see payments from US government agencies drop to less than 10% of its total revenue this quarter, Elon Musk said on Friday, marking a continued decline in what was once the rocket company's primary source of income.

The figure represents a decrease from 16.6% in the previous quarter, Musk stated in a post on his X social media platform. He projected government revenue would fall further to under 5% within a year.

"SpaceX contracts with the government are BOTH the best product AND the lowest price! Moreover government revenue will be less than 10% of SpaceX revenue this quarter and less then 5% a year from now," Musk wrote on X.

The shift marks a change from 2025, when contracts from government agencies made up roughly one-fifth of SpaceX's revenue. The company has moved toward its AI business, which turned profitable for the first time in the most recent quarter.

Anthropic now serves as SpaceX's largest single customer, accounting for more than one-third of revenue. The company operates data centers in Memphis, Tennessee, where executives reported increased demand for computing power during the last earnings call.

SpaceX maintains contracts with NASA and the Department of Defense to launch astronauts and national security satellites. The company holds a contract with NASA to transport humans to the moon using its Starship rocket as early as 2028.

Musk made his revenue forecast days after Democrats regained control of both the House and the Senate.