Former US Labor Secretary Robert Reich suggested that Democrats prepare to nationalize SpaceX and Starlink after the congressional elections. Entrepreneur Elon Musk responded by calling for him to be put in jail, calling taking companies a crime. Reich invaded property that grew out of, among other things, government districts. Musk demanded to punish the author of the idea. Reich has long sought to deny Musk government support. On October 15, he demanded the cancellation of military contracts and the application of measures against monopolies. Now the government ownership program has added to the economic pressure. There is no party decision or bill yet. Even a Democratic victory in both houses on Nov. 3 won't replace President Donald Trump's signature: He has the right to veto, which can only be overridden by a 2/3 vote of each chamber. Musk wrote publicly: "Effecting a company is a serious crime. Riho - prison". And the dispute quickly boils down to documents. The most uncomfortable circumstances for nationalization supporters are documented in the SpaceX report. In June 2026, the company went public. As of Oct. 15, it had 8.25 billion class A shares with one vote and 5.33 billion class B shares with 10 votes. Each type A gives only 13.4% of the votes. Class B shareholders individually elect most of the directors. Even the purchase of every class A will not give the state control. The cost of such a fruitless acquisition is sobering. At the Oct. 23 closing price of $147.49 per share, each Class A would be worth about $1.22 trillion in constant value. If there was a real purchase, the price would change. We are still talking about the amount that buys economic rights without management. According to SpaceX's prospectus, Class B shares generally convert to Class A shares when transferred to an outside buyer. A normal stock deal would preserve Musk's power. Reich needed another way: a special government seizure with reparations. The Fifth Amendment to the US Constitution permits the taking of property for public use in exchange for fair compensation for its value.

Former US Labor Secretary Robert Reich suggested that Democrats prepare to nationalize SpaceX and Starlink after the congressional elections. Entrepreneur Elon Musk responded by calling for him to be put in jail, calling taking companies a crime. Reich invaded property that grew out of, among other things, government districts. Musk demanded to punish the author of the idea. Reich has long sought to deny Musk government support. On October 15, he demanded the cancellation of military contracts and the application of measures against monopolies. Now the government ownership program has added to the economic pressure. There is no party decision or bill yet. Even a Democratic victory in both houses on Nov. 3 won't replace President Donald Trump's signature: He has the right to veto, which can only be overridden by a 2/3 vote of each chamber. Musk wrote publicly: "Effecting a company is a serious crime. Riho - prison". And the dispute quickly boils down to documents. The most uncomfortable circumstances for nationalization supporters are documented in the SpaceX report. In June 2026, the company went public. As of Oct. 15, it had 8.25 billion class A shares with one vote and 5.33 billion class B shares with 10 votes. Each type A gives only 13.4% of the votes. Class B shareholders individually elect most of the directors. Even the purchase of every class A will not give the state control. The cost of such a fruitless acquisition is sobering. At the Oct. 23 closing price of $147.49 per share, each Class A would be worth about $1.22 trillion in constant value. If there was a real purchase, the price would change. We are still talking about the amount that buys economic rights without management. According to SpaceX's prospectus, Class B shares generally convert to Class A shares when transferred to an outside buyer. A normal stock deal would preserve Musk's power. Reich needed another way: a special government seizure with reparations. The Fifth Amendment to the US Constitution permits the taking of property for public use in exchange for fair compensation for its value.