{
  "id": 11893677,
  "title": "Elon Musk says dept of war revenue is a rounding error for his firms",
  "url": "https://urgent.news/2026/10/04/elon-musk-says-dept-of-war-revenue-is-a-rounding-error-for-his-firms",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T07:41:51.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/technology/tech-news/tesla-ceo-elon-musk-department-of-war-revenue-for-my-companies-is-/articleshow/134671520.cms"
  },
  "original_language": "en",
  "account": "Elon Musk, CEO of Tesla, recently commented on Anduril's relationship with the US Department of Defense in response to a recent report. In a post on X (formerly Twitter), Musk said that \"Dept of War revenue for my companies is close to a rounding error of total revenue. Probably around 3% of SpaceX’s December ARR and ~1% of all my companies combined.\" This statement comes after a Politico report claimed that two major US defense contractors would be leading a Pentagon project, potentially to Anduril's benefit.\n\nAnduril's founder, Palmer Luckey, had previously responded to the report, clarifying that he was not representing Anduril and that his involvement was purely personal. Luckey also challenged the report's description of Anduril as one of the Department of Defense's biggest contractors, stating that it was misleading to rank Anduril 67th when the reality was much lower. The ranking showed companies like Lockheed Martin and RTX as the leading defense contractors.\n\nProject Meridian, the Pentagon initiative mentioned in the report, aims to study potential changes in future warfare. This project is part of a commission led by Defense Secretary Pete Hegseth and includes input from notable figures such as Palmer Luckey, Elon Musk, and Newt Gingrich. The commission is expected to produce a report by January 2027, exploring future military and warfare trends. However, the project has raised concerns about potential conflicts of interest if individuals advising the Pentagon could benefit from future defense contracts.",
  "summary": "Palmer Luckey, founder of Anduril, stated he is advising Project Meridian in a personal capacity. He challenged claims about Anduril being a major Pentagon contractor, asserting its lower ranking in defense revenue. Elon Musk supported Luckey's comments, noting government defense revenue is a small fraction of his companies' total earnings. Project Meridian aims to evaluate potential changes in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}