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Elon Musk’s Fight With Trump Threatens $48 Billion in Government Contracts
The billionaire’s feud with the president over the nation’s debt is jeopardizing lucrative deals for SpaceX and other Musk companies.
Elon Musk’s business empire, including SpaceX, Starlink, and Tesla collectively stands to lose at least $48 billion in sales over roughly the next decade if President Donald Trump acts on his veiled threat to cancel the companies’ contracts with the US government, according to a WIRED review of publicly available data. If Trump seeks further retribution for Musk’s attacks, federal government investigations and potential litigation into his companies could cost the billionaire at least $2.37 billion in purported penalties, c ongressional estimates from January show. But Musk himself has tried to take a chainsaw to federal spending through his work leading the Trump administration’s Department of Government Efficiency which claims to have saved $180 billion since January, including by canceling contracts, though that figure remains highly disputed.
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