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Trump-Musk showdown threatens US space plans

Trump-Musk showdown threatens US space plans

Observer10 hours ago

WASHINGTON: SpaceX's rockets ferry US astronauts to the International Space Station. Its Starlink satellite constellation blankets the globe with broadband, and the company is embedded in some of the Pentagon's most sensitive projects, including tracking hypersonic missiles. So when President Donald Trump threatened to cancel Elon Musk's federal contracts, space watchers snapped to attention.
Musk, the world's richest person, shot back that he would mothball Dragon — the capsule NASA relies on for crew flights — before retracting the threat a few hours later. For now, experts say mutual dependence should keep a full-blown rupture at bay, but the episode exposes just how disruptive any break could be.
Founded in 2002, SpaceX leapfrogged legacy contractors to become the world's dominant launch provider. Driven by Musk's ambition to make humanity multi-planetary, it is now NASA's sole means of sending astronauts to the ISS — a symbol of post-Cold War cooperation and a testbed for deeper space missions. The company has completed 10 regular crew rotations to the orbiting lab and is contracted for four more, under a deal worth nearly $5 billion. — AFP

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Trump-Musk showdown threatens US space plans
Trump-Musk showdown threatens US space plans

Observer

time10 hours ago

  • Observer

Trump-Musk showdown threatens US space plans

WASHINGTON: SpaceX's rockets ferry US astronauts to the International Space Station. Its Starlink satellite constellation blankets the globe with broadband, and the company is embedded in some of the Pentagon's most sensitive projects, including tracking hypersonic missiles. So when President Donald Trump threatened to cancel Elon Musk's federal contracts, space watchers snapped to attention. Musk, the world's richest person, shot back that he would mothball Dragon — the capsule NASA relies on for crew flights — before retracting the threat a few hours later. For now, experts say mutual dependence should keep a full-blown rupture at bay, but the episode exposes just how disruptive any break could be. Founded in 2002, SpaceX leapfrogged legacy contractors to become the world's dominant launch provider. Driven by Musk's ambition to make humanity multi-planetary, it is now NASA's sole means of sending astronauts to the ISS — a symbol of post-Cold War cooperation and a testbed for deeper space missions. The company has completed 10 regular crew rotations to the orbiting lab and is contracted for four more, under a deal worth nearly $5 billion. — AFP

US, China to hold trade talks in London next week
US, China to hold trade talks in London next week

Times of Oman

timea day ago

  • Times of Oman

US, China to hold trade talks in London next week

Washington, DC: US President Donald Trump on Friday announced that US and Chinese representatives will meet in London on June 9 for talks to resolve trade dispute, a day after calling his Chinese counterpart, Xi Jinping. The meeting aims to discuss the trade deal between the two countries. Sharing a post on his Truth Social account, Trump wrote, "I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal." "The meeting should go very well. Thank you for your attention to this matter!" he added. On Thursday, Trump said he had a "good conversation" with his Chinese counterpart, Xi Jinping, and they straightened out any complexity. He stated that the US has a deal with China, but they were straightening out some of the points. Speaking to reporters at the White House on Thursday (local time), Trump stated that Xi Jinping invited him to China and that he had accepted the invitation. He also mentioned that he had invited Xi to the US. Trump stated that the US is in "very good shape" with China and the trade deal. Regarding his telephonic conversation with Xi Jinping, Trump said, "We had a very good talk and we've straightened out any complexity. It's very complex stuff and we straighten it out. The agreement was we're going to have Scott and Howard and Jameson will be going and meeting with their top people and continue it forward. But no, I think we have everything. I think we're in very good shape with China and the trade deal. We have a deal with China, as you know, but we were straightening out some of the points, having to do mostly with rare earth, magnets and some other things." Trump also shared details regarding his conversation with Xi on his social media platform Truth Social. He stated that the call lasted for one and a half hours and resulted in a "very positive conclusion of both nations." The talks between the two leaders come days after Trump accused China of breaching a deal negotiated between officials of the two nations in Geneva last month to roll back high tariffs for 90 days. However, China rejected Trump's allegations on Monday and accused the US of provoking "new economic and trade frictions." On May 30, Trump accused China of violating a recent trade agreement with the US. However, he did not mention China's action that violated its agreement with China.

Trump-Musk bromance descends into brawl over contracts, impeachment
Trump-Musk bromance descends into brawl over contracts, impeachment

Observer

timea day ago

  • Observer

Trump-Musk bromance descends into brawl over contracts, impeachment

WASHINGTON: Donald Trump threatened on Thursday to cut off government contracts to Elon Musk's companies and the world's richest man suggested the US president should be impeached, marking a stark end to an unlikely alliance and leaving onlookers wondering what was next. The hostilities between the former allies intensified when the president criticised Tesla CEO Musk in the Oval Office and the pair then lobbed verbal barbs at each other on their social media platforms: Trump's Truth Social and Musk's X. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump posted. Tesla shares closed down over 14 per cent on Thursday, losing about $150 billion in market value in the largest single-day decline in value in its history. Minutes after the closing bell, Musk replied, "Yes," to a post on X saying Trump should be impeached, an unthinkable move in Congress where Trump's Republicans hold majorities in both chambers. The trouble between the two started brewing days ago, when Musk denounced Trump's sweeping tax-cut and spending bill. The president initially held his tongue while Musk campaigned to torpedo the bill, saying it would add too much to the nation's $36.2 trillion in debt. Trump broke his silence on Thursday, telling reporters he was "very disappointed" in Musk. "Look, Elon and I had a great relationship. I don't know if we will anymore," Trump said. As Trump spoke, Musk responded in real time on X. "Without me, Trump would have lost the election," wrote Musk, who spent nearly $300 million backing Trump and other Republicans in last year's election. In another post, Musk asserted that Trump's signature tariffs would push the US into a recession later this year. Musk's businesses also include rocket company and government contractor SpaceX and its satellite unit Starlink. Musk, whose space business plays a critical role in the US government's space programme, said that as a result of Trump's threats he would begin decommissioning SpaceX's Dragon spacecraft. Dragon is the only US spacecraft capable of sending astronauts to the International Space Station. Late on Thursday, Musk backed off the threat. And in a sign of a possible detente to come, Musk subsequently wrote: "You're not wrong," in response to billionaire investor Bill Ackman saying Trump and Musk should make peace. Trump and Musk are both political fighters with a penchant for using social media to attack their perceived enemies and many observers had predicted a falling out. Musk had become one of Trump's most visible advisers as head of the Department of Government Efficiency, which mounted a sweeping and controversial effort to downsize the federal workforce and slash spending. After leaving that role, Musk this week targeted what Trump has named his "big, beautiful bill", calling it a "disgusting abomination" that would deepen the federal deficit. His attacks amplified a rift within the Republican Party that could threaten the bill's prospects in the Senate. Nonpartisan analysts say Trump's bill could add $2.4 trillion to $5 trillion to the nation's $36.2 trillion in debt. A prolonged feud between the pair could make it harder for Republicans to keep control of Congress in next year's midterm elections if it leads to a loss of Musk's campaign spending or erodes support for Trump in Silicon Valley. "Elon really was a significant portion of the ground game this last cycle," said a Republican strategist with ties to Musk and the Trump administration who spoke to Reuters on condition of anonymity. "If he sits out the midterms, that worries me." On Tuesday, Musk posted that "in November next year, we fire all politicians who betrayed the American people." — Reuters HIGHLIGHTS The trouble between the two started brewing days ago, when Musk denounced Trump's sweeping tax-cut and spending bill

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