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- Claim Text
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For SpaceX, that means that nearly $3 billion of its losses can be indefinitely applied against future taxable income.
- Simplified Text
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SpaceX can indefinitely apply nearly $3 billion of losses against future taxable income.
- Confidence Score
- 0.900
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "amount": "$3 billion", "impact": "indefinitely applied against future taxable income", "company": "SpaceX", "subject": "losses" } - UUID
- 9fdb577a-6dd9-4093-a930-bc4a938caccc
- 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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