How Musk's clout with Trump could enrich his companies

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Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment.

Cutting regulation, he said, would speed SpaceX's efforts to get to Mars.“He’s going to make America function like a startup,” Pishevar said of Musk.“There’s no greater entrepreneur in American history than Elon Musk".

Musk could use his rising clout in a Trump administration to cut through some of the safety-related approvals in that process, according to a source familiar with the company’s operations.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: According Musk’s Federal Trump Government Musk Safety Regulations Spacex Regulatory Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:02:34 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1424 words

Reading Time: 8 minutes read

Sentences: 52 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23452685

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 56 minutes ago

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