SpaceX alerts investors to possible Musk return to U.S. politics

Elon Musk may not be done with politics just yet, Bloomberg reported Tuesday, citing a risk disclosure in a SpaceX tender offer and people familiar with its contents.

According to documents reviewed by Bloomberg, Musk previously served as senior adviser to President Donald Trump “in connection with the Department of Government Efficiency and may in the future serve in similar roles and devote significant time and energy to such roles.”

The company included this “risk factor” language in documents sent to investors as part of the transaction — reportedly the first time such language has appeared in a SpaceX tender offer, some of these people said.

In May, Musk said he would refocus on Tesla (NASDAQ:TSLA), his AI venture xAI, and his broader business empire while cutting back on political donations. But after a public spat with Trump over a tax-and-spending bill, he criticized both the president and GOP lawmakers.

By July, Musk was threatening to form a new political party to oust members of Congress. Weeks later, he posted on X that he was back to working seven days a week.

SpaceX’s most recent offer values the company at about $400 billion. As part of its latest tender offer, SpaceX will allow select shareholders to sell their stakes. The company plans to repurchase up to $1.25 billion worth of shares, according to Bloomberg.