Musk’s investment in Trump
It turns out that Musk’s investment in Trump was one of the best of his career. The investor spent at least $130 million to support the candidate’s campaign. Simple math says that For every dollar “invested” in Trump, Musk “earned” about 540! Thanks to the recent wave of stock market speculation, the businessman’s fortune is already $90 billion greater than the net worth of the second richest person in the world (Larry Ellison). Musk is already “worth” over $300 billion.
Musk disinformation on the X website
As CNBC writes, Musk used the social networking site X, which he acquired for $44 billion, to support Trump. It was there that he spread false information about Kamala Harris, migrants and alleged election fraud. Musk also offered cash rewards to people who signed petitions from his America PAC.
Musk’s influence on Trump
The media reports that Musk is trying to have as much influence as possible on the shape of the new Trump administration. He also spends a lot of time with the winning candidate at his Florida residence. The billionaire investor tries to push his people. Promotes Republican Senator Rick Scott to Senate Majority Leader. He would also like, like Trump, for the mentioned leader to approve all nominations to the administration, which, in their opinion, would significantly speed up the process.
Musk’s business empire and regulations
One of Musk’s main political goals is arguably introduction of regulatory changesthat will not hinder his numerous business projects – writes CNBC. And they are very diverse and often develop in areas that either require tightening regulations or creating completely new ones. Apart from the well-known Tesla and X, Musk also leads SpaceXwhich relies heavily on government contracts. His empire also includes a startup developing artificial intelligence xAINeuralink, which is working on creating a brain-computer interface, and Boring Co., which is responsible for implementing the vision of futuristic transport.
