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How the Trump White House could potentially use Elon Musk’s companies
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How the Trump White House could potentially use Elon Musk’s companies

Elon Musk has already agreed to work with President Donald Trump’s incoming administration to head a commission focused on government efficiency, but there are also opportunities for the world’s richest man’s business empire to be led by the leader of the free world.

The Tesla CEO saw his net worth rise billions of dollars this week after the electric car giant’s shares soared following Trump’s victory, and Musk’s other companies could also see windfalls from his relationship with the Trump White House.

Musk and Trump

Tesla Inc. CEO Elon Musk, and former US President Donald Trump, left ahead of a campaign event at the Butler Farm Show in Butler, Pennsylvania, US, on Saturday, October 5, 2024. (Justin Merriman/Bloomberg via Getty Images/Getty Images)

Here is a list of possible opportunities:

SpaceX

Starliner launch from Florida

Boeing’s Starliner spacecraft atop a United Launch Alliance Atlas V rocket takes off from Space Launch Complex 41 during NASA’s Boeing Crew Flight Test on June 5, 2024 in Cape Canaveral, Florida. (Joe Raedle/Getty Images/Getty Images)

According to The New York Times, Musk’s aerospace company has won more than $15 billion in government contracts over the past decade, and the potential for more federal deals looks bright.

SpaceX was called in to rescue the American astronauts stranded this summer by NASA contractor Boeing, and Trump made clear during his campaign how impressed he was when SpaceX managed to capture his crew. huge spaceship rocket with mechanical arms called “chopsticks” when it descended back to the launch pad last month.

ELON MUSK’S NET WORTH RISES AFTER DONALD TRUMP’S ELECTION WIN

Trump also told FOX News that Musk has promised him that SpaceX will send a rocket to Mars by the end of his second term.

Starlink

SpaceX’s satellite division, Starlink, has long been a key partner for the US in launching military satellites, but Trump’s return to the White House could result in additional contracts to provide rural internet services.

STUART VARNEY: ELON MUSK ‘OPENING THE DOOR TO A NEW ERA IN SPACE EXPLORATION’

The Biden administration’s Democratic-controlled Federal Communications Commission (FCC) in 2022 revoked an $800 million grant awarded to Musk’s Starlink under the first Trump administration to provide rural internet, while Trump touted the satellite service and even referenced it during his victory speech early Wednesday. morning.

Tesla

A Tesla Cybertruck in East Village, Manhattan

A Tesla Cybertruck in East Village, Manhattan on Saturday, July 6, 2024. (Julia Bonavita/Fox News Digital/Fox News)

Ticker Security Last Change Change %
TSLA TESLA INC. 296.91 +8.38

+2.90%

According to The Times, Tesla has only received about $352,000 in government contracts over the past decade, but TMZ suggested another avenue for the EV maker to help the Trump administration.

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The outlet wrote this week that Tesla’s Cybertruck is “ready” for a president, arguing, “Listen to us, but does a Cybertruck presidential motorcade seem out of the question for 47?” Elon does offer it with bulletproof armored glass, and, of course, the Secret Service would do their own aftermarket bells and whistles.”

The Boring Company, X, xAI, Neuralink

Musk’s tunnel operation, social media platform, artificial intelligence startup and branded computer interface company — along with his other businesses — could all benefit from Trump’s plans for deregulation.