President Trump has been in office less than a month, and Elon Musk’s vast business empire is already benefiting — or is now in a decidedly better position to benefit.
Mr. Trump and Mr. Musk, the world’s richest man who has been given enormous power by the president, have been dismantling federal agencies across the government. Mr. Trump has fired top officials and pushed out career employees. Many of them were leading investigations, enforcement matters or lawsuits pending against Mr. Musk’s companies.
Mr. Musk has also reaped the benefit of resignations by Biden-era regulators that flipped control of major regulatory agencies, leaving more sympathetic Republican appointees overseeing those lawsuits.
At least 11 federal agencies that have been affected by those moves have more than 32 continuing investigations, pending complaints or enforcement actions into Mr. Musk’s six companies, according to a review by The New York Times.
Trump firings hit agencies with oversight of Musk’s companies
Staffing changes, including the firing of several top officials, have affected agencies with federal investigations into or regulatory battles with Elon Musk’s companies.
The events of the past few weeks have thrown into question the progress and outcomes of many of those pending investigations into his companies.
The inquiries include the Federal Aviation Administration’s fines of SpaceX for safety violations and a Securities and Exchange Commission lawsuit pressing Mr. Musk to pay the federal government perhaps as much as $150 million, accusing him of having violated federal securities law.
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