Corporate America Cosies to Elon Musk because billionaire deepens ties with Donald Trump
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The largest US companies reduce contracts with Elona Male companies or bring about ties with the richest man in the world as he strengthens his power in the administration of Donald Trump and begins to radically restructure the US government.
The announcement of the last few days has included Visa completing a contract of processing of payment with Musk social media X and United Airlines, accelerating the plan for the use of Musk’s Starlink satellite for WiFi in flight.
Amazon also increased an advertising consumption at X, which he earlier avoided due to spreading hate speech on the platform. It was one of the 10 best advertisers on the USA platform in January, after spending more than 10 times more than this month compared to December, according to Market Intelligence Group Sensorthower.
On Monday, Apple updated its iPhone operating system, allowing users of T-Mobile in the US to connect with Musk Starlink satellites.
Boeing’s Celly Ortberg CEO said he worked with Musk – Competitor in the space and defensive sector – to accelerate the delivery of two aircraft that have been late budget for years.
Oracle, a software company for a company run by Trump’s fan Larry Ellison, also announced the cooperation of Starlink, while Intel announced “Growing Media Partnership” with X before broadcasting live events along with Microsoft on the platform.
Around three billion dollars of debt related to Musk’s shopping X, which was held by the banks, including Morgan Stanley, for over two years, about three billion dollars of debt related to Musk, and investors, including Apollo, were interested in a tranš.
The debt has partly become more attractive thanks to an estimated XAI of $ 50 billion, in which X has a 25 percent stake.
Other companies have already fixed relations with men.
Following TrumpVictory in November, JPMORGAN has kicked a three -year lawsuit against Tesla, in which he asked for $ 162 million for alleged violations of shares contracts. The lender denied that time was anything else than by accident.
Jamie Dimon, the JPMORGAN CEO, told CNBC last week that he was also hugged by Musk after years of quarrel. He continued to compare Musk with Albert Einstein and said that the largest US banka banka “wanted to be helpful to him and his companies as much as we could.”
Such an overture coincided with a male, showing its impact on Trump, whose campaign supported with a quarter of one billion dollars.
Since the election, Musk has been almost a constant presence on the president’s side and has been involved in everything, from the appointment of cabinet to AI, a debate on defense and economic policy.
This week Musk, which Trump was in charge of the leading department for the reduction of government efficiency costs, began to show the scope of his power with a new administration, monitoring the urge to reject up to 2 million career civil servants and overcoming administrative administrations.
Some of the jobs between corporations and Musk companies have been on the train for months. But “it is probably the political benefit of the solid acceleration of these relations with respect to the position of men in the new administration,” said Jonathan Bundy, a professor of management at the Arizona State University. “Musk has somehow made a synonym for his organizations.”
Drawing from an agreement with Musk companies or delay could also encourage retaliation of a billionaire, a Lobist from Washington, who represents several multinational claims, citing Musk’s criticism on the openai for what he claimed to be a violation of his promise to remain non-profit.
Apple, Visa and Oracle refused to comment on the time of their announcements related to the musk. Morgan Stanley refused to comment on the sale of debt, while Amazon refused to comment on the consumption of ads on X.
Intel said that his media programs were “the result of months of planning and cooperation. And this was not different.”
United Airlines and Boeing pointed to the recent remarks of their main executives. United’s Scott Kirby told investors last week to install Starlink before the schedule because the airline thought that Fast WiFi would offer a “material advantage” over competitors.
Boeing’s Ortberg said on Tuesday CNBC that the Musk’s team in the advisory department “honestly views the things that are in the contract or in the process that slow us down or do not provide us with value.”
Richard Aboulafia, General Director of Aerodynamic Counseling, said Musk could improve industrial processes in Boeing, but asked questions about his involvement in the One Air Force project.
“The oligarchy is bad enough,” he said. “But an oligarchy with a competitor doing implementation is double, triple as bad.”
Additional reporting Stephen Gandel and Eric Platta in New York and Michael Acton in San Francisco