In This Article:
SpaceX (SPAX.PVT) founder Elon Musk walked back his statements after threatening to decommission the space innovator's Dragon spacecraft.
ProcureAM Co-founder and CEO Andrew Chanin — whose firm manages the Procure Space ETF (UFO) — shares his perspective on what could happen if SpaceX pulls away, highlighting NASA's reliance on the company's rocket launches.
Also catch Andrew Chanin's comments on what the Tesla (TSLA) CEO's feud with President Trump could mean for SpaceX's government contracts.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
I want to get your take on kind of how Musk could potentially hurt the government. Looking at this from the other side of things. What do you think the likelihood is and the impact of Musk potentially not following through on decommissioning the Dragon spacecraft or even potentially cutting off the government's access to something like Starlink off the back of this feud?
So the irony with Dragon is that if he pulls out, Russia is pretty much one of the only other players that can help us access the International Space Station. Uh, we've seen hiccups with Boeing and Starliner and those are things that you can't really afford to have when human life is at risk. And so Elon Musk pulling away might push us closer to potential adversaries, which is very interesting given the current geopolitical system. And so, you know, this is going to be something that pulls out. I really hope that SpaceX doesn't pull away from working with our government and the companies here as well as abroad. Um but, you know, we see that the ISS is relying pretty much on SpaceX and Russian spacecraft. Um, China already has their own space station. Is this going to speed up the need for US and US companies to develop their own space stations, which could create additional opportunities? So, I don't think anything is 100% negative or 100% positive, and we'll see as the storms clear.