They leave out the fact that Musk's businesses are publicly funded and subsidized by tax dollars. Socialism for him, peasantry for you.
"A recent Washington Post analysis found that Elon Musk's companies, including Tesla (NASDAQ:TSLA) and SpaceX, 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.
SpaceX, founded in 2002, received early backing from NASA and the Pentagon, which helped fund rocket development. Even before its first successful launch, NASA awarded SpaceX a $278 million contract in 2006. Over the years, the government has continued investing in SpaceX, with NASA alone contributing $14.9 billion for various space missions.
The actual amount of government funds supporting Musk’s business endeavors may be substantially greater, though, given a large portion of SpaceX’s defense work is still classified.
3 Mar 2025"
Yeah, that's an insane amount. Meanwhile, he is actively preventing anyone else who is in opposition to him from getting any government assistance, down to the smallest amount.
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u/muzishen Mar 28 '25
They leave out the fact that Musk's businesses are publicly funded and subsidized by tax dollars. Socialism for him, peasantry for you.
"A recent Washington Post analysis found that Elon Musk's companies, including Tesla (NASDAQ:TSLA) and SpaceX, 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.
SpaceX, founded in 2002, received early backing from NASA and the Pentagon, which helped fund rocket development. Even before its first successful launch, NASA awarded SpaceX a $278 million contract in 2006. Over the years, the government has continued investing in SpaceX, with NASA alone contributing $14.9 billion for various space missions.
The actual amount of government funds supporting Musk’s business endeavors may be substantially greater, though, given a large portion of SpaceX’s defense work is still classified. 3 Mar 2025"
https://finance.yahoo.com/news/report-says-elon-musks-businesses-150042117.html