In the latest tender offer document from Musk's company SpaceX, a new piece of information is about to emerge: the billionaire may not have truly retired from the political stage. Musk previously served as a senior adviser to Trump, leading government efficiency. According to documents seen and unnamed people familiar with the matter, "he may hold similar positions in the future and devote a lot of time and energy to it."
People familiar with the matter said that SpaceX added such "risk factors" to the written documents sent to investors. This is the first time that such statements have appeared in tender offer documents.
SpaceX's latest offer values the rocket and satellite maker at about $400 billion, making it the world's most valuable private company.
Musk and SpaceX representatives did not respond to requests for comment.
Willingness to join politics
Since officially leaving the Trump administration at the end of May, Musk has repeatedly expressed his opinions on whether to continue to participate in political affairs.
In May this year, he said he would shift his focus back to Tesla, xAI and other areas of his business empire and reduce political donations. But after a public spat with Trump, Musk lashed out at the president and Republican members of Congress, criticizing the tax and spending plans they passed and vowing in July to form a new party to drive those members out of Congress.
A few weeks later, Musk said his attention had returned to his five companies. He posted on X, "If the children are not around, I will work seven days a week and sleep in the office."
However, the warning in SpaceX’s tender offer document reminds investors that in Musk’s world, or the world of the Trump administration, few things are set in stone.
SpaceX is an important contractor for the U.S. government and cooperates with NASA and the U.S. military. In addition to launching Falcon rockets and developing Starships (used to send humans to Mars), SpaceX is also responsible for operating a space communications network composed of approximately 8,000 Starlink satellites.
As part of the offer, certain shareholders will be allowed to sell their shares, a model that has become increasingly popular in a growing number of startups that have remained private for a long time because it allows early employees and investors to partially cash out.
According to reports, SpaceX will buy back up to $1.25 billion of employee and shareholder shares.