Elon Musk (SPCX, TSLA) says Starshield systems are owned and controlled by US government; any limits on speed or usage are decided by US militarly and ultimately the US President
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Elon Musk (SPCX, TSLA) says Starshield systems are owned and controlled by US government; any limits on speed or usage are decided by US militarly and ultimately the US President
Fed's Goolsbee (2027 voter) says a hotter-than-expected reading on Sept inflation is “discouraging" but wants to wait for more data before taking action to raise rates higher
CRUDE WRAP: WTI (X6) SETTLES USD 0.95 HIGHER AT 95.09/BBL; BRENT (Z6) SETTLES USD 0.37 HIGHER AT 106.06/BBL
On the Newsquawk feed at , 20 minutes before this page.
Context
Remarks of this kind land in a well-established precedent: SpaceX's strategic value rests on capabilities whose deployment has repeatedly been shaped by government decisions, and past episodes where the founder appeared to exercise personal discretion over a military-relevant system produced direct political fallout and questions about who actually commands the asset. This statement reads as an attempt to assign that command unambiguously to Washington, which matters for how allies, adversaries, and procurement officials treat the network. The transmission channel for TSLA is reputational and political rather than operational, since the car business carries a founder-governance discount that widens or narrows with episodes like this; SpaceX itself is unlisted, so any read-through there is indirect. The distinction worth drawing is between ownership of the hardware and control of its use: disclaiming the latter does not resolve questions about the former, or about what happens under a change of administration. Worth watching is whether US officials confirm or qualify the framing, since prior form shows the gap between the founder's public account and the government's position is where the story develops.
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