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Guardian
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Elon Musk’s six major conflicts of interest with the federal government
- Elon Musk, the richest man on Earth, has a wide array of potential conflicts of interest with the federal government.
- Musk owns, directs or invests in industries that touch dozens of departments and agencies of the federal government.
- Musk's electric car company, Tesla, is worth $1.25tn today and faces challenges in sourcing clean energy, labor disputes and safety deficiencies.
- SpaceX, a privately-owned company where Musk plays an integral role, is competing with established space companies for billions in federal government contracts.
- Musk's artificial intelligence startup, xAI, is vying with several other companies and policymakers are contemplating potential rules for the nascent technology.
- Musk is developing a biotech start-up called Neuralink, focused on developing human brain implants to control electric devices.
- Musk is a crypto enthusiast and disclosures show he has made personal investments in cryptocurrencies such as Bitcoin and Ethereum.
- Cryptocurrency is facing regulation and Musk's conflicts of interest with government agencies regulating the industry could undermine Musk's perception of neutrality.
- Multiple conflicts of interests can affect Musk's companies, such as the investigation of illegal firings by the National Labor Relations Board (NLRB), environmental issues and safety claims which could lead to funding cuts from various agencies.
- Policy recommendations from Musk's proposed "Department of Government Efficiency" could influence industry regulations in his companies' favor.
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