Elon Musk said U.S. government revenue will fall below 10% of SpaceX sales this quarter

What happened: Elon Musk said U.S. government revenue will fall below 10% of SpaceX sales this quarter, and that he is willing to cancel any government contract agencies do not want. Key numbers: Government revenue below 10% of SpaceX sales this quarter. SpaceX stock rose 8.2% on Friday. Why it matters: The comments signal a possible shift in SpaceX's reliance on government business, and the stock rose 8.2% on Friday. Coverage: 3 outlets in 24h

Elon Musk said U.S. government revenue will fall below 10% of SpaceX sales this quarter, and that he is willing to cancel any government contract agencies do not want.

The comments signal a possible shift in SpaceX's reliance on government business, and the stock rose 8.2% on Friday.