SpaceX has identified a new “risk factor” in its latest tender offer, indicating that Elon Musk may return to US politics.

This warning, included in documents shared with investors, mentions Musk’s previous role as a senior adviser to President Donald Trump.

It suggests he could assume similar positions in the future.

This is the first instance of such a caution appearing in SpaceX’s investor filings, according to sources familiar with the situation.

The tender offer values SpaceX at about US$400 billion, making it the most valuable private company in the world.

Representatives for Musk and SpaceX have not provided comments on this development.

Recent SpaceX developments