00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's businesses stand to gain from federal deregulation and lucrative government
00:06contracts under Trump's presidency. SpaceX has received over $19 billion in federal contracts
00:12and is projected to earn billions annually through government deals. Musk has been appointed by Trump
00:17to lead the Department of Government Efficiency, focusing on regulatory rollbacks, cost reductions,
00:22and large-scale agency audits. Musk and Ramaswamy argue that many federal regulations lack
00:27congressional approval and advocate for their nullification through executive action.
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