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How Elon Musk ramped up his political power this year

Dec 24, 2023 - businessinsider.com
Elon Musk's influence and power have grown significantly due to his control over key technologies and industries, raising concerns about the potential undermining of democracy. His $44 billion takeover of Twitter, now rebranded as X, has given him control over a major social media platform, while his companies SpaceX and Tesla are developing crucial national infrastructure. His Starlink satellite network provides internet access to remote and conflict-hit regions, and his investments in AI further extend his influence.

Musk's actions, such as reinstating banned accounts on X and providing Starlink kits to the Ukrainian military, have drawn criticism and sparked debates about his role in geopolitical events. His meetings with global leaders and outspoken political views have further highlighted his growing influence. Experts warn that the range of his monopolies and his ability to influence national policy and avoid regulation should be a cause for concern.

Key takeaways:

  • Elon Musk's influence and control over key technologies, communication streams, and national security mechanisms have grown significantly, raising concerns about the concentration of decision-making and economic power.
  • Musk's takeover of Twitter, now rebranded as X, has given him control over one of the world's most influential social-media platforms, potentially influencing public opinion and political division.
  • Through SpaceX and Tesla, Musk is developing core national infrastructure, with governments depending on his companies for space missions and electric-vehicle charging stations, potentially giving him leverage to influence national policy and avoid regulation.
  • Musk's Starlink satellite network and his investments in AI through OpenAI and xAI have expanded his influence over internet access and future technology, leading to accusations of him trying to 'play god' and concerns about his influence on geopolitical events.
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