Elon Musk's embrace of Donald Trump is poised to have a determinative effect on the Tesla, SpaceX and X boss' empire.
Why it matters: As the world's richest person, Musk is cozying up to someone who could soon become the world's most powerful person for a second time.
Driving the news: Musk, who officially endorsed Trump after the former president survived an assassination attempt Saturday, is now planning to donate $45 million monthly to a super PAC supporting his campaign to return to the White House, the WSJ reported.
Follow the money: Musk's empire was built with government support — and he has a vested interest in keeping it that way.
SpaceX has lucrative contracts with NASA.
Tesla — which landed a critical federal loan in its infancy to stay afloat — markets its EVs as qualifying for U.S. tax credits.
X benefits from a legal shield in the form of Section 230 of the Communications Decency Act protecting social media companies from liability for user content.
Yes, but: If government support is a reason for embracing Trump, Musk hasn't said so.
Instead, he's been focused largely on political issues like immigration and election integrity, often amplifying falsehoods, according to Politifact. . ."
The intrigue: Where Musk might have the most vested interest in a Trump presidency is with the trajectory of the Securities and Exchange Commission, which has hounded him for years over his promulgations on social media. . .
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