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Senate Democrats have the power to block federal contracts to Tesla and SpaceX. It’s the path to pushing Musk out of politics
Sunjeev Bery -- The Intercept
Feb. 17, 2025.
With the backing of President Donald Trump, Elon Musk has embarked on an unconstitutional rampage against the federal government.
The world’s wealthiest man is trying to shut down key agencies and programs that protect the health, welfare, and prosperity of millions of Americans.
He has pushed mass layoffs, silenced federal agencies, and accessed massive amounts of confidential government data.
Of course, Musk has significant personal interests on the table. His two major companies, SpaceX and Tesla, have both from U.S. government funding and policies.
And through his ties to Trump, Musk’s wealth has ballooned dramatically.
According to Bloomberg, his net worth increased by $200 billion in just the last year alone, due in significant part to market expectations that his companies will earn vastly more money during the Trump presidency.
But with all of this government-generated wealth comes a significant vulnerability.
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READ MORE: The Intercept