SpaceX’s internal documents show that the company uses highly transferred tax losses (NOL), which allows you to write past income losses. At the end of 2021, SpaceX had accumulated a tax loss of approximately $ 5.4 billion, allowing to avoid taxes for the same amount of future income. In 2017, Trump lifted SpaceX the opportunity to use about $ 3 billion without time limitation.
At the same time, SpaceX actively receives federal financing. According to the Washington Post, in the last 20 years, muscs and companies have received at least $ 38 billion in contracts, loans, subsidies and tax aid. 52 contract with seven government institutions may rise up to 11.8 billion dollars in the coming years. Approximately 84% of the SpaceX income in 2020 were 2021-76% in federal contracts and 2021-76.
Experts believe that it is a very “noticeable” phenomenon for a company with this addiction to the government to avoid more than 5 billion dollars. SpaceX pays taxes to foreign and regular authorities, but it does not pay almost federal US taxes by looking at the documents.
Source: Ferra
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