Former Council of Economic Advisers chairman Jason Furman discusses whether President-elect Trump and Elon Musk could cut $2 trillion from the US budget in Cavuto: Coast to Coast.
Elon Musk has already agreed to work with President-elect Donald Trump’s incoming administration to lead a commission aimed at government efficiency, but there’s a chance the world’s richest man’s business empire could be used by the world leader as well. free.
The Tesla CEO saw his net worth jump billions of dollars higher this week as the electric vehicle giant’s stock surged following Trump’s victory, and Musk’s other companies could also see windfalls from his relationship with the House. White Trump.
Elon Musk, chief executive of Tesla Inc., and former U.S. President Donald Trump, left, before a campaign event at the Butler Farm Show in Butler, Pennsylvania, U.S., Saturday, Oct. 5, 2024. (Justin Merriman/Bloomberg via Getty Images/Getty Images)
Here is a list of possible options:
SpaceX
Boeing’s Starliner spacecraft atop a United Launch Alliance Atlas V rocket lifts off from Space Launch Complex 41 during NASA’s Boeing Crew Flight Test on June 05, 2024, in Cape Canaveral, Florida. (Joe Raedle/Getty Images/Getty Images)
Over the past decade, Musk’s aerospace company has secured more than $15 billion in government contracts, according to The New York Times, and the potential for increased federal deals looks great.
SpaceX was called in to rescue stranded American astronauts by longtime NASA contractor Boeing over the summer, and Trump made a point on the campaign trail to express how impressed he was when SpaceX was able to pick it up. massive rocket Starship with mechanical arms called “sticks” as it landed back on the launch pad last month.
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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 supply rural internet services.
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The Democratic-controlled Federal Communications Commission (FCC) of the Biden administration in 2022 revoked an $800 million grant given to Musk’s Starlink under the first Trump administration to provide rural internet, while Trump has touted the satellite service , even referencing it during his victory speech early Wednesday. morning.
Tesla
A Tesla Cybertruck in East Village, Manhattan on Saturday, July 6, 2024. (Julia Bonavita/Fox News Digital/Fox News)
| TICKER | Safety | The last one | AmENdmENT | 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 ten years, but TMZ suggested another opportunity for the EV maker to help the Trump administration.
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The paper wrote this week that Tesla’s Cybertruck is “ready” for a president, arguing: “Hear us out, but does it seem like a presidential motorcade Cybertruck is out of the question for 47? Elon offers it with bulletproof glass and. Of course. , the Secret Service would make its 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 firm — along with his other companies — could all benefit from Trump’s deregulation plans.