Elon Musk’s Big Business and Conflicts of Interest With the U.S. Government

Published On Oct 20, 2024, 5:00 AM

The article discusses Elon Musk's significant influence and lucrative relationship with U.S. federal agencies, highlighting that his companies, particularly SpaceX, play a crucial role in national projects such as NASA's launch schedules and the Defense Department's satellite deployments. Musk has secured substantial financial backing from various federal contracts, totaling around $3 billion over a year.

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Stock Forecasts

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Positive

Given the increasing reliance of federal agencies on Musk's companies and their more substantial contracts, Tesla and SpaceX are likely to see positive growth as they benefit from this partnership. If political support continues, particularly under a potential Trump presidency, Musk’s businesses may gain further advantageous contracts and funding.

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