Musk contributed at least $119 million to a pro-Trump spending group, federal records show, part of a wider strategy to insulate his companies from regulation or enforcement and boost their government support.Elon Musk and his mother Maye listen as Republican presidential nominee former President Donald Trump speaks at a campaign rally at Madison Square Garden, Sunday, Oct. 27, 2024, in New York.
His rising political involvement could put his industrial empire in a position that current and former employees likened to the Gilded Age, when industry barons including J.P. Morgan and John D. Rockefeller held broad sway over government policy that impacted their companies and their wealth.
NASA has invested more than $15 billion into SpaceX. SpaceX is also separately developing a network of hundreds of spy satellites with a U.S. intelligence agency, Reuters has reported.