Elon Musk vs Donald Trump: What Led To a Billion-Dollar Fallout?

The post Elon Musk vs Donald Trump: What Led To a Billion-Dollar Fallout? appeared first on Coinpedia Fintech News

Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In a new fresh controversy, Musk has announced the immediate shutdown of SpaceX’s Dragon spacecraft, a key vehicle used by NASA. 

Musk Slams Spending Bill, Trump Threatens to Cut Billions

Trump criticized Musk and said that the government should stop giving him billions of dollars in subsidies and contracts. It’s important to understand that NASA relies on SpaceX’s Dragon to transport astronauts to and from the ISS, under a $4.9 billion deal. It’s currently the only U.S. spacecraft that can carry humans into orbit.

In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW

— Elon Musk (@elonmusk) June 5, 2025 Musk Backs Off After “Team America” Moment

This move would disrupt the global ISS program, with only Russia’s Soyuz as the next option. But after a user urged Musk and Trump to cool down their fights, Musk reacted, saying, “Good advice. Ok, we won’t decommission Dragon.” Soon after, he posted a photo of the US flag with the Dragon spacecraft in the background, saying “Team America”.