What does Donald Trump’s devastating victory mean for Elon Musk?

The close relationship between President Donald Trump and tycoon Elon Musk has raised alarm bells: the Republican discussed possible alliances with the businessman that could give him the opportunity to adapt his policies to his own interests .

With the hat Make America Great Again very firm in the head – and with the contribution of 75 million dollars to the pro-Trump group, PAC – the tycoon Elon Musk He gave his unconditional support to Donald Trump in his presidential campaign.

He repeatedly accompanied him to events, hosted a live SpaceX session with the Republican, and also used the social network he recently purchased, X. So He made sure Americans knew he was the candidate they wanted to see in the White House. for the next four years.

But is Musk really a Trump fan, or did the millionaire see an opportunity to look out for his own interests with his Republican victory?

Elon Musk
What does Donald Trump’s devastating victory mean for Elon Musk? Photo: AP.

How Donald Trump’s victory will affect Elon Musk

What could Musk and his companies gain? EspaceX , Tesla , x , xAI , Neural link And The boring society with the arrival of Donald Trump at the White House?

According to the journalist The Wall Street Journal Emily Glazer, the stakes are high.

“Musk was promised a role auditing federal spending and regulations within the Trump administration. and this will be done through this entire Ministry of Government Efficiency project,” declared the expert in a podcast from the same media.

With this in mind, Musk could become an important figure who “will have a real seat at the decision-making table and could give it the ability to tailor its policies to its own financial interests.”

It’s worth noting that the mogul, who recently bought Twitter and turned it into X, “oversees six companies and they have over $1 trillion in assets and several thousand employees.”

Elon Musk and Donald Trump
What does Donald Trump’s devastating victory mean for Elon Musk?

But, What exactly would a new Trump administration mean for Musk?

Glazer replied that “It’s a question that a lot of people want answers to, and right now it’s very vague.”

“What we do know is that for many months this year, this was an issue that was first discussed privately between Trump and Musk, “a sort of strategic advisory role that Elon Musk could have if Trump wins the presidency.”

This agreement was then made public: the two millionaires talked about SpaceX and They would have agreed to “reduce government supervision and reduce costs”, according to the journalist.

Elon Musk and his possible position in the US government

Donald Trump mentioned during his campaign that Elon Musk may play a role in creating the name of the Department of Government Effectiveness (DOGE, for its acronym in English).

In simple terms, This can help you eliminate government waste.

But this accusation, experts speculate, This could lead to less regulation, which would benefit Musk’s companies.

“It is deeply unethical and illegal” he told the BBC Lenny Mendonza, former economic and trade advisor to California Governor Gavin Newsom.

Although Mendonza believes that people who have relationships with the government “can have a voice,” it is not okay for them to hold positions of authority when interests are at stake.

Donald Trump Elon Musk
What does Donald Trump’s devastating victory mean for Elon Musk? Photo: REUTERS.

How Musk’s Companies Could Benefit From Trump’s Rise

According to Glazer, “Elon Musk is the richest person in the world and has the most to gain. SpaceX. This company has secured more than $15 billion in government contracts over the past decade.

“The United States is heavily dependent on SpaceX” said the journalist. And that’s it THE JAR He needs Musk’s company for his most important space missions.

Plus, it’s the company that launches rockets and builds spy satellites for the Pentagon.

The US government is looking to expand the internet and improve connectivity in rural areas, with a budget of 42 billion dollars which could end up benefiting Starlink, Musk’s company which offers a satellite connection.

Elon Musk
What does Donald Trump’s devastating victory mean for Elon Musk? Photo: REUTERS.

“Even Tesla, its electric vehicle maker, also has contracts with the government and you have to look at some of its other companies like xAI, which could benefit greatly from the proposed regulation of AI across the United States,” the WSJ reporter said.

For its part, Neuralink, which researches and experiments with brain implants, depends on approvals from the United States Food and Drug Administration (FDA), a government institution.

“Without a doubt, we are waiting to see who Trump appoints to lead the various agencies… One way to look at it is this: There is a feeling that Musk will benefit, but when we see who runs these agencies and what actions they take, it will become clearer how much he stands to gain.

Source: Latercera

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