logo
Elon Musk's Big "Dragon" Warning After Trump Threat, Then A U-Turn

Elon Musk's Big "Dragon" Warning After Trump Threat, Then A U-Turn

NDTV06-06-2025
Billionaire Elon Musk, who has been publicly feuding with US President Donald Trump, on Friday announced the immediate "decommissioning" of SpaceX's Dragon spacecraft that is used by the National Aeronautics and Space Administration (NASA), only to backtrack a few hours later, saying he is with "Team America".
The immediate trigger behind the now withdrawn announcement was the President's threat to terminate government contracts with the Tesla CEO, amid a series of spiraling disagreements rooted in the latter's criticism of the administration's tax-cut and spending legislation that erupted last week.
Mr Musk's companies include government contractor SpaceX and its satellite unit Starlink.
"In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately," Mr Musk posted on X.
In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW
— Elon Musk (@elonmusk) June 5, 2025
NASA relies on the Dragon spacecraft to ferry astronauts to and from the International Space Station (ISS) under a contract worth roughly $4.9 billion. The capsule is the only US spacecraft capable of flying humans in orbit.
Taking Dragon out of service would disrupt the ISS program, which involves dozens of countries under an international agreement signed over two decades ago. Russia's Soyuz system is the only other crewed spacecraft that sends astronauts to the ISS, Reuters reported.
However, after an X user slammed the most powerful Trump and world's richest Musk for their "shameful" fight and asked them to "take a step back for a couple of days", the Tesla CEO said: "Good advice. Ok, we won't decommission Dragon".
Good advice.
Ok, we won't decommission Dragon.
— Elon Musk (@elonmusk) June 6, 2025
Subsequently, Mr Musk reshared a photo of the US flag against the backdrop of the Dragon on X, saying "Team America".
🇺🇸🇺🇸🇺🇸🇺🇸 Team America 🇺🇸 🇺🇸 🇺🇸🇺🇸 https://t.co/Y127aEcTwH
— Elon Musk (@elonmusk) June 6, 2025
Mr Musk's decision to decommission came minutes after Mr Trump took a swipe at the billionaire and suggested terminating his governmental subsidies and contracts to "billions of dollars".
"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that (his predecessor Joe) Biden didn't do it," he said in a post on Truth Social.
The hostilities between world's most powerful Trump and world's richest Musk began when the former criticised the latter in the Oval Office on Thursday.
" I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here. He had no problem with it. All of a sudden, he had a problem," the President said, referring to the government;s flagship spending legislation.
The Trump tariffs will cause a recession in the second half of this year https://t.co/rbBC11iynE
— Elon Musk (@elonmusk) June 5, 2025
The clash comes less than a week since Mr Trump held a grand Oval Office farewell for Mr Musk as he wrapped up his time leading the cost-cutting Department of Government Efficiency (DOGE).
South African-born Musk hit back minutes later, saying the President's claims that he had advance sight of the bill were "false". "Whatever", he added above a video of Mr Trump saying Mr Musk was upset about the loss of subsidies for electric vehicles.
The Tesla CEO then ratcheted up the public spat even further, saying the Republican would have lost the election without his support. He was the biggest donor to Mr Trump's campaign, to the tune of nearly $300 million.
Tesla shares fell sharply on Wall Street, down eight percent, after his comments, in a sign of the huge stakes for a falling out between the world's richest man and its most powerful.
On Thursday, Mr Musk said the US President's tariffs, which has sent global markets into a tizzy, will "cause a recession in the second half of this year".
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall Street rebounds as Fed rate cut bets intensify on weaker payrolls
Wall Street rebounds as Fed rate cut bets intensify on weaker payrolls

Mint

time2 hours ago

  • Mint

Wall Street rebounds as Fed rate cut bets intensify on weaker payrolls

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) Indexes up: Dow 1.06%, S&P 500 1.2%, Nasdaq 1.58% Tesla rises on 96 million share award to CEO Musk Spotify to raise premium subscription price, shares jump (Updates with analyst comment, early afternoon prices) By Nikhil Sharma and Pranav Kashyap Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report. At 11:39 a.m. ET, the Dow Jones Industrial Average rose 463.55 points, or 1.06%, to 44,052.13, the S&P 500 gained 74.56 points, or 1.20%, to 6,312.57 and the Nasdaq Composite gained 325.95 points, or 1.58%, to 20,976.08. Both the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two months. This is in contrast to Friday, when a dismal U.S. jobs report hammered the S&P 500 and sent it to its steepest intraday drop since May 27. The bleak data that also accompanied steep downward revisions for May and June forced market participants to amplify their bets for Fed rate cuts this year, noting signs of a weakening labor market. "When you have a Fed that operates in a lagging sense, you're going to have the market moving around as the data comes, that's what we're seeing with the weaker jobs report," said Charlie Ripley, senior investment strategist for Allianz Investment Management. Odds for a September rate cut now stand at about 84%, according to CME Fedwatch. Market participants see at least two quarter-point cuts by the end of this year. Underscoring uncertainty, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer the same day, her of faking the jobs numbers. "The revisions ... it brings a level of skepticism into the data sets," Allianz Investment Management's Ripley added. Investors also weighed Fed Governor Adriana Kugler's unexpected resignation, which could open the door for President Donald Trump to reshuffle the central bank's leadership to his favor. Trump has repeatedly threatened to fire Chair Jerome Powell, believing that rates should be much lower than they are. Meanwhile, Tesla rose 1.2% after CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with communication services leading gains with a 2% jump. U.S. factory orders tumbled 4.8% in June after an upwardly revised 8.3% increase in May, owing to a sharp drop in commercial aircraft orders. Meanwhile, Trump threatened to substantially raise tariffs on India over its purchases of Russian oil. Last week, Trump slapped a 25% tariff on goods imported from the country. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly and Disney, will report this week. Among notable movers, Joby Aviation rose 20.7% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 26.6%. IDEXX Laboratories soared 26.8% after the animal diagnostics maker its full-year profit and revenue forecasts and reported better-than-expected second-quarter results. Spotify jumped 6.8% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 4.76-to-1 ratio on the NYSE and by a 2.8-to-1 ratio on the Nasdaq. The S&P 500 posted 25 new 52-week highs and seven new lows, while the Nasdaq Composite recorded 52 new highs and 72 new lows. (Reporting by Nikhil Sharma and Pranav Kashyap in Bengaluru; Editing by Maju Samuel)

Perseids Meteor Shower Peak, Other Sky Events To Watch In August
Perseids Meteor Shower Peak, Other Sky Events To Watch In August

NDTV

time2 hours ago

  • NDTV

Perseids Meteor Shower Peak, Other Sky Events To Watch In August

Led by the Perseids meteor shower, August brings a busy skywatching calendar. With planetary pairings and deep-sky objects also on display, the month offers plenty for stargazers worldwide. August 12-13: Perseids Meteor Shower Peaks The Perseids, one of the most popular annual meteor showers, will peak on the night of August 12-13. While active from late July to August 24, this two-night window is expected to be the most intense, with up to 150 meteors per hour or 2-3 per minute, according to This year, the full moon on August 9 may interfere with viewing, washing out fainter meteors. Perseids Meteor Shower To Be Visible In India Viewers in India are advised to head to darker, rural areas for better visibility. Ideal viewing time is from midnight to just before sunrise on August 13. Regions such as Spiti, Ladakh, Rann of Kutch, and remote parts of Karnataka or Uttarakhand are recommended. Those who miss the peak may still catch a few meteors in the days following, especially between August 16 and 20, when moonlight begins to fade. August 26: Mars And The Moon Conjunction On August 26, Mars will appear next to a thin crescent moon in the western sky around 8.15 pm IST. Visible low on the horizon, the pair will stay close for about an hour. No telescope or binoculars are needed. Planetary Viewings August 11-12: Venus-Jupiter Conjunction Venus and Jupiter will appear only one degree apart in the eastern sky before sunrise, according to NASA's JPL. August 12 (early morning): Venus and Jupiter Rise Together Both planets will rise side by side, appearing like two bright stars. August 19-20: Crescent Moon With Venus and Jupiter A thin crescent moon will join the two planets in the eastern sky before sunrise. August 19: Mercury At Greatest Elongation Mercury will be at its most visible this month in the eastern sky before sunrise. It appears low on the horizon. The Dumbbell Nebula The Dumbbell Nebula (M27), one of the easiest planetary nebulae to spot, will be visible all month within the Summer Triangle, high overhead during early nights. It appears as a faint patch of light and marks the remains of a dying star. Mercury, Venus, Mars, Jupiter, and Saturn will be visible at various times this month. Mercury appears low in the east later in August, Venus and Jupiter shine bright in the eastern sky before sunrise, Mars is visible in the west after sunset, and Saturn rises late at night, shifting earlier as the month progresses.

Elon Musk's Tesla ordered to pay over $240 million for Autopilot crash case; company says ‘This was never about…'
Elon Musk's Tesla ordered to pay over $240 million for Autopilot crash case; company says ‘This was never about…'

Time of India

time2 hours ago

  • Time of India

Elon Musk's Tesla ordered to pay over $240 million for Autopilot crash case; company says ‘This was never about…'

Representative Image A US court has found Elon Musk's electric vehicle (EV) company, Tesla, partially liable for a fatal 2019 Autopilot crash. The Miami jury has ordered the EV maker to pay a portion of the $329 million in damages awarded to the family of the deceased and an injured survivor. The jury held Tesla responsible for 33% of the crash's fault. The total damages include $129 million in compensatory damages and $200 million in punitive damages. Based on the jury's decision, Tesla will be responsible for paying nearly $42.5 million in compensatory damages. However, as punitive damages were exclusively assessed against Tesla, plaintiffs' attorneys expect the company to pay the full $200 million, potentially bringing its total payment to around $242.5 million. Tesla has stated its intention to appeal the decision. What Tesla said about the Autopilot crash order In a statement to CNBC, Tesla confirmed that it will appeal the decision. The company said: 'Today's verdict is wrong and only works to set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology. We plan to appeal given the substantial errors of law and irregularities at trial. Even though this jury found that the driver was overwhelmingly responsible for this tragic accident in 2019, the evidence has always shown that this driver was solely at fault because he was speeding, with his foot on the accelerator – which overrode Autopilot – as he rummaged for his dropped phone without his eyes on the road. To be clear, no car in 2019, and none today, would have prevented this crash. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The boy meets a dog on the street - no one expected what happened next. Women's Method Learn More Undo This was never about Autopilot; it was a fiction concocted by plaintiffs' lawyers blaming the car when the driver – from day one – admitted and accepted responsibility.' The trial, which began last month in Florida, focused on a fatal 2019 crash involving Tesla's Enhanced Autopilot system. George McGee, the Tesla driver, dropped his phone and assumed the Autopilot would brake if needed. Instead, the car accelerated through an intersection at over 60 mph, hitting a parked car and its owners. Naibel Benavides, 22, was killed, and her boyfriend, Dillon Angulo, was seriously injured. Plaintiffs' attorneys had sought $345 million in damages. In an emailed statement, Brett Schreiber, one of the plaintiffs' counsel, said: 'Tesla designed Autopilot only for controlled access highways yet deliberately chose not to restrict drivers from using it elsewhere, alongside Elon Musk telling the world Autopilot drove better than humans. Tesla's lies turned our roads into test tracks for their fundamentally flawed technology, putting everyday Americans like Naibel Benavides and Dillon Angulo in harm's way.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store