Donald Trump’s return to the White Home might also show to be a victory for one in every of his most high-profile supporters: Musk.
Because the rewards got here in, the world’s richest man spent election night time with Trump at his Mar-a-Lago resort in Florida.
“Tonight, the American folks gave @realDonaldTrump a transparent mandate for change,” Musk wrote on social media platform X, as Trump’s victory started to look all however sure.
Throughout his victory speech on the Palm Seashore Conference Heart, Trump spent a number of minutes praising Musk and recounting the profitable touchdown of a rocket constructed by Musk’s firm SpaceX.
Musk virtually instantly expressed assist for the Republican after the assassination of Trump in Butler, Pennsylvania July.
One of many president-elect’s most vital supporters, the tech billionaire has donated greater than $119m (£92m) to fund tremendous PACs aimed toward re-electing Trump.
He additionally launched a get-out-the-vote marketing campaign in battleground states within the ultimate weeks earlier than Election Day, together with gifting away $1 million a day to voters in these states. Nevertheless, the giveaway turned the topic of a authorized problem A judge later ruled they could proceed.
After endorsing Trump along with his identify, cash and platform, Musk benefited significantly from Trump’s re-election.
The president-elect stated that in his second time period, he would invite Musk to affix the administration to eradicate authorities waste.
Musk calls the potential effort the Division of Authorities Effectiveness (DOGE), the identify of a meme and cryptocurrency he popularized.
The businessman may additionally profit from a Trump presidency by means of his possession of SpaceX, which already dominates the enterprise of launching authorities satellites into house.
With a detailed ally within the White Home, Musk can search to additional leverage these authorities relationships.
Musk has criticized the construction of presidency contracts at rivals together with Boeing, which he says hinders finishing initiatives on time and on price range.
Simply because the Pentagon and U.S. spy businesses seem prepared to take a position billions of {dollars}, SpaceX is beginning to construct spy satellites.
In the meantime, Musk’s electrical automobile maker Tesla may benefit from a authorities with what Trump calls “the bottom regulatory burden.”
Simply final month, the U.S. company chargeable for regulating street security revealed that Explore Tesla’s Autopilot Software System.
Musk has additionally been criticized for allegedly making an attempt to stop Tesla staff from becoming a member of a union. The UAW filed unfair labor observe expenses towards Trump and Musk after they mentioned Musk’s firing of hanging staff on X.
Trump additionally promised to decrease taxes on companies and the rich.
That is one other promise Musk hopes he can hold.
