Elon Musk, the world’s richest man, on Thursday said his company SpaceX would begin decommissioning its Dragon spacecraft after he engaged in an extraordinary public fallout with Donald Trump who had threatened to cancel government contracts with Musk’s businesses.
“In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately,” Musk posted on the social media platform X, which he owns.
A few minutes earlier Trump had posted on Truth Social – the media platform that he owns – that he might cancel huge lucrative contracts with Musk’s businesses, which include the SpaceX company that is building a fleet of rockets.
They have many private investors.
Investors can’t remove Musk from SpaceX who is the majority owner. They can sue to recover their investment money or be awarded assets in case of bankruptcy.