Elon Musk’s satellite and rocket internet company SpaceX has been receiving billions of dollars in federal investments over the two decades of its existence but has paid little to no federal taxes, a report has said.According to the report by The New York Times, the Musk-owned company has privately told its investors that SpaceX may not have to pay the federal taxes ever, thanks to a change in the law made by US President Donald Trump in 2017 during his first presidency.Documents reviewed by the newspaper reportedly showed SpaceX can legally make use of the tax benefit that allows it to use over $5 billion losses that it incurred by late 2021 and offset the payment of future taxable income.In 2017, Donald Trump had made a change in the law that did away with the tax benefit’s expiration date for all companies. Trump signed the Tax Cuts and Jobs Act in 2017 that allowed companies to roll over their heavy losses indefinitely to avoid paying some federal taxes on their newer profits.This means that SpaceX can apply nearly $3 billion of its losses indefinitely against future taxable income, according to the report.As per latest figures, SpaceX incurred losses of around $5.4 billion. Those losses generated the tax benefit, known as a net operating loss carryforward.For a company like SpaceX, which relies heavily on US federal contracts to make profits, not paying federal taxes is quite unusual, as per experts cited by NYT.SpaceX was bleeding cash for its first two decades in existence since 2002, much like companies including Uber and Tesla. It had over $5 billion in losses till 2021, but turned profitable since 2022.Elon Musk in June had said that SpaceX may make profits over $15.5 billion this fiscal. However, it is not clear how much taxes it will pay back to the federal government because it can use the tax benefit even if its business thrives.According to the NYT, which reviewed documents including income statements and balance sheets covering 23 years, SpaceX apparently paid some income taxes over the year. However, it is unlikely that they have been paid to the federal government.Musk had in June revealed that SpaceX had achieved a milestone, as its “commercial revenue from space will exceed the entire budget of @NASA next year.” in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.