Musk says government contracts will make up 5% of SpaceX revenue next year

Musk says government contracts will make up 5% of SpaceX revenue next year

2 min read•Nov 7, 2026•
Liu Wei
Liu Wei

Elon Musk says government contracts will account for less than 10% of SpaceX revenue next quarter and 5% next year, first reported by Gizmodo. That would put the share below the 16.6% SpaceX reported for the past quarter; Musk also said he was willing to cancel contracts the government does not want.

Musk posted the forecast on X after a user suggested that he send Senate and House Democrats a January 1 letter offering to cancel the contracts. He described the agreements as SpaceX’s best product and lowest-price offering, and said he was happy to cancel any the government did not want.

Government contracts made up 16.6% of SpaceX revenue in the past quarter. The agreements were with NASA and the Pentagon for work including satellite launches and construction of Trump’s so-called Golden Dome missile defense shield system.

In February, Musk separately said NASA contracts would account for around 5% of SpaceX revenue this year. Anthropic’s IPO filing showed the AI lab agreed to spend up to $120.5 billion through 2029 on its compute deal with SpaceX, roughly $36 billion more than previously reported.

The two figures measure different things: Musk’s forecast concerns government contracts as a share of revenue, while Anthropic’s filing describes an agreed spending ceiling through 2029.

As of Thursday, Tesla and SpaceX had shed more than $450 billion in combined market value over the two days following the election. The Washington Sun reported that congressional Democrats were preparing investigations into hundreds of executives and companies, including tech giants and AI labs, once the party regains control of Congress.

The Washington Post reported that the government agreed to pay nearly $1.2 million to SpaceX between March 2025 and June 2026 for a military unit that sets up communications for White House officials. The Post noted that White House officials told The New York Times last year that Musk had donated Starlink service to the White House.

Democrats on the House Oversight Committee requested more information about the installation. In a letter, the representatives said donations raised considerable red flags about whether Musk was using his federal position to benefit his companies.

Plug-in vehicles reach 32% of global registrations in September

Plug-in vehicles reached 32% of global registrations in September, first reported by Cleantechnica. Battery-electric vehicles accounted for 23% of registrations and set a record at 1.54 million, up 8% year over year, while plug-in hybrids fell 9%; year to date in 2026, BEVs were up 12% and PHEVs down 10%.

Global plug-in registrations rose 3% year over year to around 2.16 million in September, close to the all-time record of 2.17 million set last December.

Year to date, plug-in registrations were up 4% year over year: BEVs grew 12%, while PHEVs fell 10%. Their combined share for 2026 stood at 25%, with BEVs at 18% and PHEVs at 7%. The overall growth rate therefore hides a clear split between the two categories.

The Tesla Model Y led the model rankings with a record 165,000 registrations, up 17% year over year. Tesla Model 3 came second with 65,000, enough to move ahead of Geely Xingyuan and BYD Song despite a 4% annual decline.

BYD Song finished fourth at 54,519 registrations, up 19% and the fastest growth rate among the top five. An export push and the new-generation Ultra body helped lift the model.

At the make level, Tesla had a record 232,000 registrations, up 9% year over year. Toyota reached 61,332 for its fourth record in a row, finishing ahead of Volkswagen’s year-best 58,000 to become September’s best-selling legacy make.