Elon Musk says dept of war revenue is a rounding error for his firms
Elon Musk and Anduril founder Palmer Luckey have pushed back against reports characterizing their companies as major Pentagon defense contractors. Musk stated that defense revenue is a negligible fraction of his total business, while Luckey disputed the ranking of his firm in a recent Politico report.
Why it matters
The exchange highlights the sensitivity of tech companies regarding their involvement in military contracts and the public perception of their business models.
Anduril founder Palmer Luckey recently pushed back against a report that said two major US defence contractors would help lead a Pentagon project that could benefit them. In a post on X (formerly Twitter), Palmer Luckey said he is advising the project in a personal capacity and rejected the description of Anduril as one of the US Department of Defense's biggest contractors. The post soon caught the attention of Tesla CEO Elon Musk who replied to Luckey's post, saying government defence revenue makes up only a small part of the total revenue of his companies.“Dept of War revenue for my companies is close to a rounding error of total revenue.
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