In the hypothetical scenario of Donald Trump winning a second term in the 2024 election, one individual who could potentially benefit greatly is Elon Musk. The CEO of Tesla and SpaceX stands to gain from potential changes in regulatory policies, lower tax rates, and increased government contracts for his aerospace company, SpaceX.
Under a Trump administration, Musk could see a continuation of favorable policies that support his businesses. Lower tax rates could mean more money for Musk to invest in research and development for his electric vehicles and space exploration projects. Additionally, regulatory changes could make it easier for Musk to bring new products to market without facing as much red tape.
Furthermore, SpaceX, a key player in the space industry, could see increased government contracts under a second Trump term. The Trump administration has shown a strong support for space exploration and has prioritized partnerships with private companies like SpaceX. This could translate to more opportunities for Musk and his team to launch missions and potentially drive further innovation in the space industry.
Overall, Elon Musk could emerge as one of the biggest winners of a second Trump term, with potential benefits in the form of regulatory policies, tax rates, and government contracts that could bolster his businesses and further solidify his position as a leader in the tech and aerospace industries.
Watch the video by NBC News
Video “What Elon Musk stands to gain from second Trump term” was uploaded on 11/07/2024 to Youtube Channel NBC News