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Bullish
⏺ Musk's political power frightens both his competitors and the governments of the largest economies, — Bloomberg.
Musk's rapid rise to the top of the political elite in the USA raises serious concerns in Europe.
For example, Angela Merkel, the former Chancellor of Germany, called his alliance with Donald Trump extremely alarming.
The main concerns about Musk are related to the space industry. The $210 billion company SpaceX is Musk's main weapon on the global stage. His reusable rockets have become a monopoly. And the Starlink network gives him power comparable to that of some states.
There are two ways out of the current situation. First, regulatory pressure could be applied to Musk in Europe, limiting his capabilities in providing space services. Second, there could be a risk taken to expand funding for advanced projects.
Financier | Business
Musk's rapid rise to the top of the political elite in the USA raises serious concerns in Europe.
For example, Angela Merkel, the former Chancellor of Germany, called his alliance with Donald Trump extremely alarming.
The main concerns about Musk are related to the space industry. The $210 billion company SpaceX is Musk's main weapon on the global stage. His reusable rockets have become a monopoly. And the Starlink network gives him power comparable to that of some states.
There are two ways out of the current situation. First, regulatory pressure could be applied to Musk in Europe, limiting his capabilities in providing space services. Second, there could be a risk taken to expand funding for advanced projects.
Financier | Business
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