Elon Musk is a person that forces us to ask the timeless query first put to us by graphic novelist Alan Moore; who watches the watchers? The New York Occasions as an incredible breakdown of all of the injury this overpowered and over-wealthy particular person might have ought to Trump each take the White Home and hold his promise to place his rich donor ready of energy.
Musk is probably the most rich individual on the planet — most likely in all of human historical past — which already offers him an virtually limitless quantity of energy. He’s additionally had a ton of run-ins with regulatory our bodies, from the Securities and Alternate Fee to the Environmental Safety Company and now the Nationwide Freeway Security Administration. Now that he’s full-throat backing Trump nevertheless, even the weak federal checks on his machinations might quickly go by the wayside:
Elon Musk’s affect over the federal authorities is extraordinary, and terribly profitable.
Mr. Musk’s rocket firm, SpaceX, successfully dictates NASA’s rocket launch schedule. The Protection Division depends on him to get most of its satellites to orbit. His corporations had been promised $3 billion throughout almost 100 totally different contracts final yr with 17 federal companies.
His entanglements with federal regulators are additionally quite a few and adversarial. His corporations have been focused in no less than 20 current investigations or opinions, together with over the security of his Tesla automobiles and the environmental injury attributable to his rockets.
Given Mr. Musk’s immense enterprise footprint, he shall be a serious participant regardless of who wins the election.
However he has thrown his fortune and energy behind former President Donald J. Trump and, in return, Mr. Trump has vowed to make Mr. Musk head of a brand new “authorities effectivity fee” with the facility to suggest wide-ranging cuts at federal companies and modifications to federal guidelines.
That might primarily give the world’s richest man and a serious authorities contractor the facility to manage the regulators who maintain sway over his corporations, amounting to a probably monumental battle of curiosity.
By way of a evaluate of court docket filings, regulatory dockets and authorities contracting information, The New York Occasions has compiled an accounting of Mr. Musk’s multipronged enterprise preparations with the federal authorities, in addition to the violations, fines, consent decrees and different inquiries federal companies have ordered towards his corporations. Collectively, they present a deep internet of relationships: As an alternative of getting into this new function as a impartial observer, Mr. Musk could be passing judgment on his personal prospects and regulators.
NASA, the Departments of Protection, the Inside, Transportation, Commerce, Homeland Safety — the man is a big drive in all of those and extra already. Ought to Trump win, an unelected Musk would possibly acquire the power to squash anybody who would possibly stand in his means. His outsized affect is already inflicting issues:
One such instance was the take a look at launch this month of Starship, SpaceX’s latest rocket. NASA has agreed to pay the corporate as a lot as $4.4 billion to take astronauts to the floor of the moon on two future missions — though the dates will rely on when all of the gear is prepared. To this point, Starship has not flown any people.
However the Federal Aviation Administration held up this most up-to-date take a look at launch for weeks, partially due to questions on hurt SpaceX has prompted to wildlife close to its Texas launch web site, a delay that infuriated Mr. Musk.
“We proceed to be caught in a actuality the place it takes longer to do the federal government paperwork to license a rocket launch than it does to design and construct the precise {hardware},” SpaceX stated in a press release.
This wouldn’t be the primary time {that a} wealthy individual tried to get their palms on the levers of energy within the U.S. with out successful an election. In 1933, the Enterprise Plot would have seen rich businessmen overthrow president Franklin D. Roosevelt and set up a Nazi-friendly navy dictatorship, as an example.
Irrespective of who you might be voting for, handing any single individual this a lot energy is a horrible thought. Head over to the New York Occasions to learn extra.
