- American elections Musk's arm?
- 10 lakh crore loss in few days
- The hanging sword of inquiry
US Election Impact Elon Musk: Mid-term elections were recently held in America. President Donald Trump's Republican Party was hit hard. But this impact is not limited to them only, Elon Musk, the richest person in the world, has also fallen victim to it. In just two days, Musk's wealth dropped significantly. Almost 10 lakh crores have been bumped in their wealth. What exactly is the matter” Musk )
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Along with this, the winds in America shifted and the Democrats got majority in both Houses of Congress. There is another big danger in front of Musk. His company is now facing an investigation.
The market capitalization of companies has been hit hard
After the election, the market capitalization of Musk's Tesla and SpaceX fell by 42.9 trillion rupees, reducing his personal net worth by more than 10 trillion rupees. But on Friday, shares of Musk's company rose again, adding significantly to his net worth. In addition, the Democratic Party may also investigate Musk's companies' government contracts, business interests and ties to the Trump administration.
Funding for Trump's party
Over the past 13 years, Musk has donated 69 billion rupees, roughly $1.6 billion, to Trump's party. Subsequently, Musk received several government contracts during Trump's second term. As a result, he may now become a target for Democrats. Democrats have promised to investigate the contracts and funding. So now Elon Musk's companies have to face all this.
This will be investigated
Commands such as military satellite launches, threat surveillance satellites, satellite networks for the military, 18 rocket launches, space station missions and military satellite launches can be investigated. It is worth noting that Musk left California and made Texas his new home. But now the Democrats have won there, and Musk may face trouble there, too.
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