Federal contract obligations to companies tied to Michael Bloomberg, fiscal years 2024–2026

We use the same method, time window and wording for every company and person we cover, whatever their politics.

SlushFund's founder asked for these stories, covering federal money to companies tied to Elon Musk and to Larry Ellison. To hold every subject to the same standard, each story runs beside a matched story about another founder-led company with federal contracts, built the same way: Bloomberg L.P., founded by Michael Bloomberg, beside the Musk story; and Amazon and Blue Origin, founded by Jeff Bezos, beside the Oracle story.

This page covers companies tied to Michael Bloomberg: Bloomberg L.P. entities (Bloomberg L.P. is the company co-founded by Michael Bloomberg), plus a name search for Bloomberg Philanthropies.

It runs in the same release as its matched counterpart, on companies tied to Elon Musk, which uses identical measures, window, wording and caveats.

About 83 percent of those obligations ($83.5 million) were coded by the awarding agencies as not competed, most often citing 'only one source' (FAR 6.302-1).^[1]

The largest buyers were the IRS ($30.8 million), the SEC ($10.4 million) and the Commerce Department ($10.3 million).^[1]

About three-quarters of these obligations (74 percent) are coded by the agencies as information-technology software or IT services, and about a tenth as newspapers and periodicals.^[1]

No Bloomberg IDV obligations and no assistance awards were found in the period. A name search found no USAspending recipient for Bloomberg Philanthropies, as of 20 Oct 2026.^[2]

-- Totals by award type and fiscal year (the view this page reads)
select award_category, fiscal_year,
       sum(net_obligations)         as net_obligations,
       sum(noncompeted_obligations) as coded_not_competed
from subject_money_summary
where subject_group = 'bloomberg'
group by award_category, fiscal_year
order by award_category, fiscal_year;

-- Every transaction behind the tables (one row per USAspending transaction)
select * from subject_award_transactions
where subject_group = 'bloomberg'
order by action_date, award_id;

• Obligations are amounts agencies committed in the period, net of reductions; they are not contract values or payments.
• Classified awards are not in USAspending, so these totals leave out any classified work.
• Sales through resellers are recorded under the reseller's name, so Bloomberg subscriptions bought through a reseller are not counted here.
• Defense Department actions are published with a delay of about 90 days, so fiscal 2026 totals may still grow.
• 'Not competed' is the awarding agency's own coding on each contract action.
• Prime awards only; subcontracts are not counted.
• Contract ceilings are potential maximums, often shared by several companies, and are not money awarded.

Context: these are federal prime-award obligation records matched to each company by its unique entity ID. They do not show contract values, payments, profits, subcontracts, classified work or sales through resellers, and they say nothing about why any award was made. The same 'coded not competed' measure is used for every company on this page.

Dates are not used to suggest cause: these are records, not a claim about why any money went anywhere.

• We asked Bloomberg L.P. for comment on Oct 21, 2026 and will add any response here.