Elon Musk's companies have benefited from government contracts, including SpaceX through its relationships with the Pentagon and NASA.

President Donald Trump on Thursday is set to sign more executive orders and visit the Federal Reserve. Trump's trip to the central bank's headquarters comes amid his relentless criticism of Fed Chair Jerome Powell over interest rates and over the massive renovation project at the Fed.

SpaceX boss Elon Musk has promised to lay out his company’s plans for the mighty Starship rocket in an upcoming event. In a post on X on Thursday night, he said the presentation will take place shortly before the rocket’s 10th flight test, which is expected to take place next in the first half of next month.

Musk has never shied away from stunning predictions or controversial pivots, but this time, his comments could reshape Tesla’s roadmap for the near future. Tesla has depended on two major financial boosts for years: consumer EV tax credits and regulatory credit sales to legacy automakers.

SpaceX has launched more than 8,000 Starlink satellites since 2020, building a uniquely distributed network in low-Earth orbit that has attracted intense demand from militaries, transportation industries and consumers in rural areas with poor access to traditional, fiber-based internet.

The global satellite internet service appears to be back up and running after a "failure of key internal software services that operate the core network" was repaired.

SpaceX’s Starlink satellite internet service network has been restored after an hours-long outage, the Elon Musk-led unit said on in a post on X.