https://en.wikipedia.org/wiki/State_defense_force
In the United States, state defense forces are military units that operate under the sole authority of a state government. State defense forces are authorized by state and federal law and are under the command of the governor of each state.
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Nearly every state has laws authorizing state defense forces, and twenty-two states, plus the Commonwealth of Puerto Rico, have active forces with different levels of activity, support, and strength.
Bankruptcy "story" could be Musk pacifying SpaceX engineers into accepting a fire sale of the Starlink business...to himself. Starlink has a backlog of orders well into 2022, not typical of a supposedly near bankruptcy company.
SpaceX needed something to launch in order to have a meaningful real-world launch success rate that beat NASA.
The Starlink business will probably be spun off or sold, possibly on a fire sale to Musk and his brother who have been dumping Tesla stock recently.
Backwards, OK. But forward, Einstein disagrees.
Economic collapse by way of sovereign debt default does not mean we will enter a "Mad Max" phase. It does mean the opportunity to answer the question "Who Run Barter Town?" will once again present itself.
It will take many years if not a decade or more to play out fully. The game has started, but it's very early still. This initial authoritarianism phase we're in and how successful it is or isn't will determine the severity of what comes next.