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08/10/2025

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08/10/2025
LAWIN.news

2 of Elon Musk’s firms awarded billions in federal funds despite U.S. spending cuts

by LAWIN.news February 14, 2025
written by LAWIN.news February 14, 2025
photo credit: KVUE
137

Two companies led by Elon Musk—Tesla and SpaceX—have secured substantial financial support from the U.S. government, reportedly totaling $18 billion in the past decade.

Tesla, known for its electric vehicles and energy solutions, and SpaceX, a major player in aerospace technology, have both benefited from federal funding that has contributed to their growth and technological advancements.

Tesla has received government incentives primarily aimed at promoting clean energy and sustainable transportation.

These funds have been used to scale up production, advance battery technologies, and develop infrastructure for electric vehicle deployment across the country.

SpaceX, on the other hand, has secured contracts and grants related to space exploration, satellite deployment, and U.S. space capabilities.

Despite the funds directed toward Musk’s companies, the distribution of federal resources has raised questions, especially considering broader budget constraints across various sectors.

Critics have called for more transparency and accountability regarding the allocation of these funds, while supporters argue that investments in electric vehicles and aerospace technologies can lead to long-term economic and environmental benefits.

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