SpaceX Has Likely Skirted Federal Income Taxes for Decades, Investigation Reveals
Since its founding in 2002, Elon Musk’s SpaceX has emerged as the leading force in commercial spaceflight and a key launch provider for the U.S. government. A recent investigation suggests its dominance may stem—at least in part—from two decades of federal tax avoidance. Internal company documents reviewed exclusively by The New York Times show that SpaceX can exploit net operating loss (NOL) carryforwards, a U.S. tax provision that lets companies use past losses to offset future taxable income