In a single day, the 10 richest people collectively gained $64 billion, with Elon Musk, Warren Buffett, and Larry Ellison earning $26 billion of that total. Musk, who oversees six companies with significant government ties, stands to benefit the most. His flagship companies, Tesla and SpaceX, could see advantages in regulatory decisions, such as approvals for satellite launches and driverless car permissions. With Trump’s election win, it appears oversight from the FTC, SEC, and Justice Department may ease, potentially giving Musk and his ventures a smoother path forward.
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