Trump's Younger Son Defends SpaceX, Rejects Overpromise Claims

Deep News14:10

Eric Trump, the second son of U.S. President Donald Trump, pushed back on Thursday against criticism of SpaceX's Starlink service. He argued that the company's broader achievements in space exploration far outweigh the concerns raised in a particular opinion column. Eric Trump, co-founder of World Liberty Financial and son of President Donald Trump, criticized a column that accused SpaceX of overpromising and underdelivering on the direct-to-cellphone capabilities of Starlink satellites. In a post on X, he responded that such criticism ignores SpaceX's remarkable accomplishments in the industry. Targeting the "overpromise, underdeliver" claim, he wrote: "In 2025, approximately 80% to 85% of all payload mass launched into orbit globally was carried by SpaceX." He also noted that the Falcon rocket has achieved 165 successful launches with zero failures, and that the company's reusable boosters have each flown over 30 times. Eric Trump stated: "A private company has surpassed every other country in the world." SpaceX CEO Elon Musk quickly supported Trump's view, responding to the post. Earlier this week, SpaceX reported second-quarter revenue of $7.81 billion, a 92% year-over-year increase, exceeding Wall Street's expectation of $6.93 billion. As of the end of the second quarter, the company held $100 billion in cash and cash equivalents, with a backlog of $47.5 billion in pending orders. Demand remains strong across all three of its core business segments, particularly in cloud services.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1156411120?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-07 14:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1156411120","market":"nz","top_or_hot":-1,"title":"Trump's Younger Son Defends SpaceX, Rejects Overpromise Claims","media":"Deep News","content":"<p>Eric Trump, the second son of U.S. President Donald Trump, pushed back on Thursday against criticism of SpaceX's Starlink service. He argued that the company's broader achievements in space exploration far outweigh the concerns raised in a particular opinion column. Eric Trump, co-founder of World Liberty Financial and son of President Donald Trump, criticized a column that accused SpaceX of overpromising and underdelivering on the direct-to-cellphone capabilities of Starlink satellites. In a post on X, he responded that such criticism ignores SpaceX's remarkable accomplishments in the industry. Targeting the \"overpromise, underdeliver\" claim, he wrote: \"In 2025, approximately 80% to 85% of all payload mass launched into orbit globally was carried by SpaceX.\" He also noted that the Falcon rocket has achieved 165 successful launches with zero failures, and that the company's reusable boosters have each flown over 30 times. Eric Trump stated: \"A private company has surpassed every other country in the world.\" SpaceX CEO Elon Musk quickly supported Trump's view, responding to the post. Earlier this week, SpaceX reported second-quarter revenue of $7.81 billion, a 92% year-over-year increase, exceeding Wall Street's expectation of $6.93 billion. As of the end of the second quarter, the company held $100 billion in cash and cash equivalents, with a backlog of $47.5 billion in pending orders. Demand remains strong across all three of its core business segments, particularly in cloud services.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump's Younger Son Defends SpaceX, Rejects Overpromise Claims</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump's Younger Son Defends SpaceX, Rejects Overpromise Claims\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-08-07 14:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Eric Trump, the second son of U.S. President Donald Trump, pushed back on Thursday against criticism of SpaceX's Starlink service. He argued that the company's broader achievements in space exploration far outweigh the concerns raised in a particular opinion column. Eric Trump, co-founder of World Liberty Financial and son of President Donald Trump, criticized a column that accused SpaceX of overpromising and underdelivering on the direct-to-cellphone capabilities of Starlink satellites. In a post on X, he responded that such criticism ignores SpaceX's remarkable accomplishments in the industry. Targeting the \"overpromise, underdeliver\" claim, he wrote: \"In 2025, approximately 80% to 85% of all payload mass launched into orbit globally was carried by SpaceX.\" He also noted that the Falcon rocket has achieved 165 successful launches with zero failures, and that the company's reusable boosters have each flown over 30 times. Eric Trump stated: \"A private company has surpassed every other country in the world.\" SpaceX CEO Elon Musk quickly supported Trump's view, responding to the post. Earlier this week, SpaceX reported second-quarter revenue of $7.81 billion, a 92% year-over-year increase, exceeding Wall Street's expectation of $6.93 billion. As of the end of the second quarter, the company held $100 billion in cash and cash equivalents, with a backlog of $47.5 billion in pending orders. Demand remains strong across all three of its core business segments, particularly in cloud services.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DXYZ","symbol_name":"Destiny Tech100 Inc","start_time":0,"source_url":"","article_id":"1156411120","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156411120","pubTimestamp":1786083035,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Eric Trump, the second son of U.S. President Donald Trump, pushed back on Thursday against criticism of SpaceX's Starlink service. He argued that the company's broader achievements in space...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","MARS":"Roundhill Space & Technology ETF","SPCM":"2倍做多SpaceX ETF-Tradr","SSPC":"2倍做空SpaceX ETF-Leverage Shares","ORBX":"Global X Space Tech ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","SPCQ":"2倍做空SpaceX ETF-Defiance","BK4089":"非传统电信运营商","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","SPCU":"2倍做多SpaceX ETF-Defiance","SNK":"2倍做空SpaceX ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPAL":"2倍做多Space X ETF-GraniteShares","WSPC":"WisdomTree Space Economy UCITS ETF","LOFF":"2倍做多SpaceX ETF-Direxion","UFO":"Procure Space ETF","SPCF":"2倍做多SpaceX ETF-ProShares","LU1861215975.USD":"贝莱德新一代科技基金 A2","WARP":"VanEck Space ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SPCG":"2倍做空SpaceX ETF-Tradr","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","XOVR":"ERShares Private-Public Crossover ETF","SPCH":"2倍做多SpaceX ETF-Leverage Shares","SPAX":"2倍做多SPACEX ETF-T-REX","BK4615":"SpaceX概念"},"translate_title":"特朗普的小儿子为 SpaceX 辩护，驳斥过度承诺的指控","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/39f9c11617ab53c722b46ea6954d674a","symbols_score_info":{"XOVR":1,"SPCX":1,"WARP":1,"ORBX":1,"LOFF":1,"SPAL":1,"SPCQ":1,"SPCU":1,"UFO":1,"SPCH":1,"SSPC":1,"WSPC":1,"SPAX":1,"SPCM":1,"SPCG":1,"DXYZ":1,"MARS":1,"SPCF":1,"SNK":1},"content_text":"Eric Trump, the second son of U.S. President Donald Trump, pushed back on Thursday against criticism of SpaceX's Starlink service. He argued that the company's broader achievements in space exploration far outweigh the concerns raised in a particular opinion column. Eric Trump, co-founder of World Liberty Financial and son of President Donald Trump, criticized a column that accused SpaceX of overpromising and underdelivering on the direct-to-cellphone capabilities of Starlink satellites. In a post on X, he responded that such criticism ignores SpaceX's remarkable accomplishments in the industry. Targeting the \"overpromise, underdeliver\" claim, he wrote: \"In 2025, approximately 80% to 85% of all payload mass launched into orbit globally was carried by SpaceX.\" He also noted that the Falcon rocket has achieved 165 successful launches with zero failures, and that the company's reusable boosters have each flown over 30 times. Eric Trump stated: \"A private company has surpassed every other country in the world.\" SpaceX CEO Elon Musk quickly supported Trump's view, responding to the post. Earlier this week, SpaceX reported second-quarter revenue of $7.81 billion, a 92% year-over-year increase, exceeding Wall Street's expectation of $6.93 billion. As of the end of the second quarter, the company held $100 billion in cash and cash equivalents, with a backlog of $47.5 billion in pending orders. Demand remains strong across all three of its core business segments, particularly in cloud services.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156411120","isCrawlerRequest":true}