New Delhi, Aug. 16 -- 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...