Donald Trump’s return to the White Home may also show to be a win for one in every of his most seen supporters: Elon Musk.
The world’s richest man spent election night time in Florida with Trump at his Mar-a-Lago resort as returns got here in.
“The folks of America gave @realDonaldTrump a crystal clear mandate for change tonight,” Mr Musk wrote on the social media platform X as Trump’s victory started to appear all however sure.
And at his victory speech on the Palm Seashore Conference Heart, Trump spent a number of minutes praising Mr Musk and recounting the profitable touchdown of a rocket manufactured by one in every of Mr Musk’s firms, SpaceX.
Mr Musk threw his assist behind the Republican nearly instantly after the assassination try on Trump in Butler, Pennsylvania in July.
As one of many president-elect’s most vital backers, the tech billionaire donated greater than $119m (£92m) to fund a Tremendous PAC geared toward re-electing Trump.
He additionally spent the final weeks earlier than election day operating a get-out-the-vote effort within the battleground states, which included a each day giveaway of $1m to voters in these states. The giveaway grew to become the topic of a authorized problem, although a judge later ruled they could go ahead.
After throwing his title, cash, and platform behind Trump, Mr Musk has a lot to realize from Trump’s re-election.
The president-elect has mentioned that in a second time period, he would invite Mr Musk into his administration to remove authorities waste.
Mr Musk has referred to the potential effort because the “Division of Authorities Effectivity,” or DOGE, the title of a meme and cryptocurrency that he has popularised.
The businessman might additionally profit from Trump’s presidency by his possession of SpaceX, which already dominates the enterprise of sending authorities satellites to house.
With an in depth ally within the White Home, Mr Musk might search to additional capitalise on these authorities ties.
Mr Musk has criticised rivals together with Boeing for the construction of their authorities contracts, which he says disincentive ending initiatives on price range and on time.
SpaceX has additionally moved into constructing spy satellites simply because the Pentagon and American spy businesses seem poised to take a position billions of {dollars} into them.
Mr Musk’s electrical car maker Tesla might in the meantime reap beneficial properties from an administration that Trump has mentioned can be outlined by “the bottom regulatory burden.”
Simply final month, the US company answerable for regulating highway security revealed it was probing Tesla’s self-driving software systems.
Mr Musk has additionally come beneath fireplace for allegedly in search of to dam Tesla employees from unionising. The United Auto Employees filed unfair labour follow costs towards each Trump and Musk after the 2 talked about Musk supposedly firing putting employees throughout a dialog on X.
Trump has additionally pledged to decrease taxes on companies and the rich.
That’s one other promise Mr Musk is probably going hoping he’ll maintain.
