Government Backs Billions In Contracts For Elon Musk Businesses
A recent Washington Post analysis found that Elon Musk's companies have received at least $38 billion in government contracts, loans, subsidies, and tax credits over the past two decades. While Musk has often pushed for cutting government spending, his businesses have benefited enormously from taxpayer money. Nearly two-thirds of the funds Musk's businesses received came in just the last five years.
- This extraordinary level of public support for private companies underscores the blurred lines between public and private interests in America's capital economy.
- How will the sustained involvement of federal agencies in funding emerging industries like space exploration shape the long-term trajectory of these ventures?