Elon Musk’s mass government cuts could make private companies millions
Elon Musk’s mass government cuts could make private companies millions
Defense and tech firms – including Musk’s own – await potential contracts as Doge decimates US agencies
Summary
Elon Musk, through the unofficial DOGE, is aggressively slashing U.S. government agencies, eliminating programs, and reducing federal staff.
While framed as cost-cutting, these moves are benefiting private companies—including Musk’s own—by increasing reliance on private-sector contracts.
Tech and defense firms like Palantir, Lockheed Martin, and Northrop Grumman support the shift, eyeing lucrative government deals.
Meanwhile, watchdogs warn of ethical conflicts, as Trump removes oversight officials and shields Musk from scrutiny. Critics fear Musk's unchecked influence will lead to corruption and further entrench private control over government functions.