Musk's SpaceX not paying federal tax under Trump's govt: Report

Ishita Ranganath, Published on Aug 17th, 2025

Musk's SpaceX not paying federal tax under Trump's govt: Report

Elon Musk may not have paid federal taxes since Donald Trump's first presidency in 2017, reported The New York Times. Documents show SpaceX used tax benefit, allowing it to roll over $5-billion losses indefinitely, and avoided paying federal taxes on newer profits. SpaceX can roll over nearly $3 billion of losses to next financial year and avail tax exemption.

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