How the Trump White House Could Potentially Use Elon Musk’s Businesses

Elon Musk has already agreed to work with President-elect Donald Trump’s new administration to lead a commission to improve government efficiency, but there are also opportunities for the world’s richest man’s business empire to be exploited by the leader of the free world .

The Tesla CEO saw his net worth jump by billions of dollars this week after the electric vehicle giant’s shares soared following Trump’s victory, and Musk’s other companies could also benefit from his relationship with the Trump White House.

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 June 5, 2024, at Cape Canaveral, Florida. (Joe Raedle/Getty Images / Getty Images)

According to the New York Times, Musk’s aerospace company has secured more than $15 billion in government contracts over the past decade, and the potential for more federal contracts looks bright.

SpaceX was called in to rescue the U.S. astronauts stranded by long-time NASA contractor Boeing over the summer, and Trump made it clear on the campaign trail how impressed he was when SpaceX was able to capture the plane huge Starship rocket with mechanical arms called “chopsticks” when it returned to the launch pad last month.

Elon Musk’s net worth rises after Donald Trump’s election victory

Trump also told FOX News that Musk promised him that SpaceX would send a rocket to Mars by the end of his second term.

Starlink

SpaceX’s satellite division, Starlink, has long been a key U.S. partner in launching military satellites, but Trump’s return to the White House could lead to additional contracts to provide rural internet services.

STUART VARNEY: ELON MUSK “OPENS THE DOOR TO A NEW ERA OF SPACE”

The Biden administration’s Democrat-controlled Federal Communications Commission (FCC) in 2022 revoked an $800 million grant awarded to Musk’s Starlink under the first Trump administration to provide rural internet, during Trump touted the satellite service and even mentioned it in 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)

According to The Times, Tesla has only received about $352,000 in government contracts over the past decade, but TMZ suggested another way for the electric vehicle maker to help the Trump administration.

GET FOX BUSINESS ON THE GO by CLICKING HERE

The outlet wrote this week that Tesla’s Cybertruck was “ready” for a president, arguing: “Hear us out, but does a Cybertruck presidential column seem out of the question for ’47?” Elon offers it with bulletproof tempered glass, and of course the Secret Service would make its own aftermarket bells and whistles.

The Boring Company, X, xAI, Neuralink

Musk’s tunneling company, his social media platform, his artificial intelligence startup and his branded computer interface company — along with his other companies — could all benefit from Trump’s deregulation plans.