Elon Musk has become the first person to amass a fortune exceeding $400 billion, fueled by a significant rise in Tesla's stock and a strategic stock buyback at SpaceX. His financial ascent is further supported by his backing of Donald Trump's campaign with a $270 million donation, making him the largest political donor in US history. In return, Trump has appointed Musk to lead a new government department focused on efficient governance, raising concerns about potential conflicts of interest.
Musk's companies, SpaceX and Tesla, have benefited from substantial public contracts, securing $3 billion in deals last year alone. These contracts involve launching military satellites and transporting astronauts to the International Space Station. As Musk assumes a pivotal role in the Trump administration, questions arise regarding the implications for Europe and the broader global landscape. With Tesla's stock surging and SpaceX valued at $350 billion, Musk's influence on US politics and industry continues to grow, sparking debate on the ethical dimensions of his expanding power.
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