Elon Musk's connection to President Trump has adversely affected Tesla, leading to declining sales and a drop in stock prices. Despite this, SpaceX, another of Musk's ventures, is positioned to gain significantly from new federal contracts. With Musk holding dual roles as CEO of SpaceX and Trump advisor, allegations of conflicts of interest arise, further complicated by SpaceX employees holding key government positions. These dynamics highlight significant concerns about the influence and benefits Musk may receive through his insights into government spending.
Much attention has been paid to how Elon Musk's high-profile role in President Trump's White House has hurt Tesla: Sales are falling, its stock price has slipped from its peak and embarrassed liberals are turning their cars back in.
SpaceX is positioning itself to win billions in new federal contracts from the Pentagon, the Federal Aviation Administration, the Federal Communications Commission and NASA.
Conflicts could arise not just from Musk's dual roles as the chief executive of SpaceX and an adviser to Trump. Current and recent employees of SpaceX also now hold government positions.
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