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Elon Musk Has Sucked Up $38 Billion in Aid From the Federal Government, and Now He's Slashing That Help for Others

Futurism LogoFuturism12h ago

Elon Musk Has Sucked Up $38 Billion in Aid From the Federal Government, and Now He's Slashing That Help for Others - Futurism

Quick Summary:

While his so-called Department of Government Efficiency is laying waste to the federal government, unelected White House advisor Elon Musk has massively benefited from government contracts propping up his business over more than 20 years.

As the Washington Post reports, Musk and his businesses have collected at least $38 billion in government contracts, loans, subsidies, and tax credits.

The entrepreneur's EV maker Tesla and space company SpaceX, in particular, have relied greatly on cash infusions, especially when facing existential crises.


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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 20:14:16 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 26466085

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 10 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #68

Publisher Details

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The story "Elon Musk Has Sucked Up $38 Billion in Aid From the Federal Government, and Now He's Slashing That Help for Others" was covered 12 hours ago by Futurism, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 10 news stories per day.

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  • URL: https://beamstart.com/news/elon-musk-has-sucked-up-17406036755635

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