This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Shock! Trump discovered one other strategy to make Musk even richer
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Politics > Shock! Trump discovered one other strategy to make Musk even richer
Politics

Shock! Trump discovered one other strategy to make Musk even richer

Editorial Board Published March 6, 2025
Share
Shock! Trump discovered one other strategy to make Musk even richer
SHARE

The Trump administration is seeking to change a Biden administration program that expands web protection to rural areas—and line the pockets of co-President Elon Musk within the course of, The Guardian reported on Wednesday.

In line with The Guardian’s report, Commerce Secretary Howard Lutnick informed senior officers he needs to amend BEAD, the $42.5 billion Broadband Fairness Entry and Deployment program Congress handed in 2021, by ending the Biden administration’s plan to construct out fiber optic networks throughout the nation to increase web entry. The deliberate fiber optic cable networks would get replaced with satellite tv for pc service, corresponding to Musk’s Starlink.

Utilizing satellite tv for pc as a substitute of fiber optic cable would seemingly be cheaper for the federal government. However satellite tv for pc service is much less dependable and costlier for customers than fiber optic web, The Guardian reported. 

“I don’t think there is doubt that Bead will continue,” Blair Levin, a coverage advisor to the telecommunications evaluation agency New Avenue Analysis, informed The Guardian. “What is in doubt is whether people get a long-term solution or something that is definitely good for Elon Musk.”

What’s extra, constructing out a fiber optic community would create jobs inside states that will go away if the Trump administration cancels the plan. The Guardian reported that Republican senators may elevate a stink if Trump and firm do nix the fiber optic community buildout.

Any change to this system may face substantial pushback from states and Congress, together with Republican senators who’ve beforehand sought assurances from administration officers that the federal program, which is predicted to generate billions of {dollars} in long-term financial development throughout among the poorest states within the US, would largely be left alone.

That is the newest occasion through which Musk is financially benefitting from his shady place within the Trump administration.

For instance, the Federal Aviation Administration is planning to finish its $2.4 billion contract with Verizon for a communications system and as a substitute go along with Musk’s Starlink. 

Rolling Stone additionally reported that FAA officers have been ordered to search out tens of millions of {dollars} to pay for a cope with Starlink.

Musk was additionally slated to get $400 million from the State Division, which deliberate to buy armored Tesla Cybertruck autos to ferry round American diplomats. However that plan was scrapped after backlash.

In the end, Musk constructed his enterprise empire largely with $38 billion in authorities funding, The Washington Submit reported. He’s now the richest man on the planet.

Sure, the exact same Musk who, via the so-called Division of Authorities Effectivity, is pushing for enormous cuts to the federal funds which have led to the firings of hundreds of federal staff—lots of them veterans.

Musk’s rampage via the federal authorities whilst he’s sucking from the federal government’s teat is unpopular with voters.

A Civiqs ballot performed for Each day Kos from Feb. 28 to March 3 discovered that 53% disapprove of how Musk is dealing with his job as a senior Trump adviser. The same 52% of voters suppose Musk has an excessive amount of affect within the authorities, with 50% saying the federal workforce cuts Musk and Trump have made are a nasty factor for the nation.

Thanks to the Each day Kos group who continues to combat so onerous with Each day Kos. Your reader help means every part. We’ll proceed to have you ever lined and hold you knowledgeable, so please donate simply $3 to assist help the work we do.

TAGGED:MuskrichersurpriseTrump
Share This Article
Twitter Email Copy Link Print
Previous Article Fremont council walks again controversial ‘aiding and abetting’ clause in current tenting ban Fremont council walks again controversial ‘aiding and abetting’ clause in current tenting ban
Next Article Meghan Markle Netflix Present is AWFUL, Ought to Finish the Profession of “Thirsty” Star: Assessment Meghan Markle Netflix Present is AWFUL, Ought to Finish the Profession of “Thirsty” Star: Assessment

Editor's Pick

Give Your Again a Break With Our Favourite Workplace Chairs

Give Your Again a Break With Our Favourite Workplace Chairs

Learn how to Sit Correctly at a DeskAccordionItemContainerButtonIt is not nearly discovering a chair you want. We have rounded up…

By Editorial Board 50 Min Read
US economic system grew at a quicker tempo in Q2 following Commerce Division revision
US economic system grew at a quicker tempo in Q2 following Commerce Division revision

Former J.P. Morgan Chase chief economist Anthony Chan discusses whether or not…

2 Min Read
How A lot Melatonin Ought to You Be Taking? And Ought to You Be Taking It at All?
How A lot Melatonin Ought to You Be Taking? And Ought to You Be Taking It at All?

Once you've labored within the sleep business lengthy sufficient, you are going…

5 Min Read

Oponion

Satellite Industry Grows as Investors Bet Billions on Space-Derived Data

Satellite Industry Grows as Investors Bet Billions on Space-Derived Data

Dozens of companies are dotting the skies with satellites, part…

November 22, 2021

Energy Crisis in Europe Intensifies

Cold-weather forecasts launched natural-gas prices to…

December 15, 2021

Cristin Milioti Pregnant: The Rumors & the Reality About Her Attainable Child With Justin Vernon

Studying Time: 3 minutes She performed…

April 26, 2025

The Rise and Fall of the Management Visionary Behind Zappos

In 2009, Tony Hsieh retreated to…

March 12, 2022

Senators vexed by Biden’s unwillingness to rework vice president’s role in Electoral College

Frustration is growing among a bipartisan…

January 26, 2022

You Might Also Like

Florida all set to make communicable illnesses nice once more
Politics

Florida all set to make communicable illnesses nice once more

Florida Gov. Ron DeSantis desperately desires to be a mini Donald Trump. In his newest try and emulate the worst…

5 Min Read
Seems like Trump zealot Laura Loomer is flexing her affect—once more
Politics

Seems like Trump zealot Laura Loomer is flexing her affect—once more

Pop quiz: Who would you relatively have working the nation’s intelligence companies—Director of Nationwide Intelligence Tulsi Gabbard or far-right weirdo…

4 Min Read
Why is DC’s mayor going together with Trump’s lawless takeover?
Politics

Why is DC’s mayor going together with Trump’s lawless takeover?

With simply days left earlier than President Donald Trump’s federalization of Washington’s police drive was set to run out, Mayor…

6 Min Read
Homeland Safety’s latest deportation ploy will make you rage
Politics

Homeland Safety’s latest deportation ploy will make you rage

The Trump administration is making an attempt so arduous to rent sufficient Immigration and Customs Enforcement brokers, however what if…

5 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?