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8 min read Insights

Musk's $130 million bet on Trump's win could benefit his business empire significantly.

A photo of Elon Musk standing next to Donald Trump.

Elon Musk, the world's richest man and a prominent figure in the tech industry, has made a significant political and financial gamble by investing $130 million in support of Donald Trump's successful bid for the U.S. presidency. This strategic move, which includes substantial donations to a pro-Trump political action committee, has positioned Musk as a key ally of the newly elected administration. The implications of this investment are profound, potentially affecting Musk's diverse business empire, which includes Tesla, SpaceX, and other ventures.

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Magna

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