These corporate deals, some of which were in progress for months, are seen as politically advantageous due to Musk's position in the new administration. Companies are wary of potential retribution from Musk if they delay or pull out of agreements. Musk's influence is further highlighted by his ability to resolve past disputes, such as JPMorgan dropping a lawsuit against Tesla. While some executives praise Musk's impact, others express concern over his involvement in sensitive projects like Air Force One, questioning the implications of his growing power.
Key takeaways:
- Elon Musk is solidifying his influence within Donald Trump's administration, leading to significant corporate collaborations with his businesses.
- Major companies like Visa, United Airlines, and Amazon are forming or accelerating partnerships with Musk's enterprises, such as Starlink and X.
- Musk's influence extends to government restructuring, including plans to dismiss up to 2 million civil servants and overhaul the administrative state.
- Some corporations may face political pressure to maintain or accelerate their relationships with Musk's businesses due to his role in the new administration.