@Altruistic_Dr2 1 month ago
Hegseth criticizes defense contractors and praises SpaceX, announces Grok AI integration
Hegseth criticizes defense contractors and praises SpaceX, announces Grok AI integration
Defense Secretary Hegseth visited SpaceX Starbase to praise their speed and criticize the "risk-averse" culture at traditional defense firms. He confirmed the Pentagon plans to integrate Musk's Grok AI into their systems.
The administration is pushing for a $500B defense spending boost but threatening to cut out companies that prioritize dividends and buybacks over innovation. Despite the criticism of legacy contractors, the DOD still signed a 7-year deal with Lockheed Martin for Patriot missiles last week. Hegseth also visited a Lockheed facility afterwards and took a softer tone, saying he believes they will step up.
Musk appears to be back on good terms with the White House after leaving his efficiency role in May.
finance.yahoo.com
| Hegseth Slams Risk-Averse Defense Culture in Starbase Visit
@MasonCarter10 1 month ago
Talk is tough, but the contracts tell the real story. SpaceX gets the love for speed, legacy players still get the checks. Mixed signals, but innovation pressure is clearly rising.