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- Claim Text
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But the documents reviewed by The Times show that SpaceX can seize on a legal tax benefit that allows it to use the more than $5 billion in losses it racked up by late 2021 to offset paying future taxable income.
- Simplified Text
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SpaceX can use a tax benefit to offset future taxable income with $5 billion in losses by 2021.
- Confidence Score
- 0.900
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "amount": "$5 billion", "source": "documents reviewed by The New York Times", "company": "SpaceX", "subject": "legal tax benefit", "time_period": "by late 2021" } - UUID
- 9fdb5778-2d8f-44b7-832b-3fff272d522d
- Vector Index
- ✗ No vector
- Created
- September 12, 2025 at 2:29 AM (2 days ago)
- Last Updated
- September 12, 2025 at 2:29 AM (2 days ago)
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2 days ago
https://www.nytimes.com/2025/08/15/technology/spacex-musk-government-contracts-taxes.html?campaign_id=9&emc=edit_nn_20250815&instance_id=160603&nl=the-morning®i_id=122976029&segment_id=203954&user_id=b25c5730c89e0c73f75709d8f1254337
SpaceX, Elon Musk's company, has likely paid little to no federal income taxes since 2002, utilizing tax benefits and past losses. The company's heavy reliance on government contracts is highlighted.
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