Author: Jenn Brice, FORTUNE Translation: zhouzhou, BlockBeats

Editor's note: When Trump returned to the White House, Musk became a "horse protector", and people were shocked to find that Musk had written in his biography published last year, "'I think it's important to have an inclusive and trustworthy digital public space.'" He replied, then paused before adding, "How else are we going to help Trump get elected president in 2024?" 」

Fortune magazine wrote in this article that Trump's accession to power may bring about loose policies, benefiting Musk's companies. SpaceX and Starlink are expected to reduce regulatory pressure and strive for more government contracts; TSL may also receive support in autonomous driving regulations and electric vehicle tax incentives; Boring Company and Neuralink may benefit from infrastructure projects and faster approval processes. Musk will leverage his relationship with Trump to influence policies in multiple areas and promote business development.

The following is the original content (for ease of reading and understanding, the original content has been reorganized):

In his national speech on election night, Trump not only confirmed himself as one of the biggest winners of the night, but also made Elon Musk the focus. In this chaotic victory speech, Trump spent a lot of time thanking Musk. Recently, Musk has invested over $130 million, as well as a lot of time and tweets, in support of conservative politics. Trump especially praised Musk's rocket company SpaceX and its Starlink internet satellite, both of which have great potential for government contracts.

"We must protect these super geniuses," the president-elect said. During the campaign, Trump also revealed that, at Musk's request, he would create a "government efficiency" position specifically to support this tech entrepreneur.

Musk is known for his opposition to government intervention, and whenever faced with fines or penalties, he always points out that this is excessive government intervention. Therefore, it is not surprising that he has allied with Trump, who has promised to relax regulations.

In addition to possible reduced government regulation, the alliance between Musk and Trump could also help him secure more federal contracts. According to The New York Times, SpaceX and TSL have already received at least $15.4 billion in government contracts over the past decade. Musk's colleagues and government officials, as reported by Reuters, have said that the billionaire's support for Trump is also to better protect his company from regulation and ensure government subsidies.

Here are some ways in which various businesses under Musk's control may benefit from Trump's return to the White House:

SpaceX and Starlink

SpaceX has a tense relationship with the Federal Aviation Administration (FAA). In September, Musk requested the resignation of FAA director Michael Huerta, as SpaceX was fined $630,000 for violating rocket launch regulations. Musk expressed his desire to establish a "Government Efficiency Department" (DOGE) under the Trump administration, with the task of relaxing regulations on rocket launches.

Meanwhile, SpaceX's satellite internet service Starlink may receive better treatment from the Federal Communications Commission (FCC) during Trump's term, especially if Trump appoints Republican Commissioner Brendan Carr to replace current Chairman Jessica Rosenworcel. Carr has called the FCC's revocation of an $885 million subsidy for Starlink in 2022 a 'regulatory harassment.' Trump also proposed using Starlink's satellite service to provide internet connectivity to remote areas, which could bring financial benefits to Starlink and be part of the government's future $42 billion broadband subsidy program.

X

After Musk's acquisition of the original Twitter for $44 billion, the Federal Trade Commission (FTC) investigated whether he and X violated the current FTC data privacy protocol. After the acquisition, Musk cut the privacy and security team responsible for ensuring the company's compliance, which attracted FTC follow-up. Last week, Musk promised to 'fire' FTC Chairman Lina Khan if the Trump administration came to power. Despite Vice Presidential candidate JD Vance's praise of Lina Khan's tough stance on monopolies, Musk seems unconcerned about these differences.

xAI

Elon Musk's generative AI startup xAI has developed a chatbot that competes with large language models such as OpenAI's ChatGPT, so he is particularly following any regulatory policies that may affect the development of AI.

So far, there has been no federal discussion on comprehensive regulation of AI companies. However, Musk can still influence policy by suggesting alternative approaches to relaxing regulation to Trump, instead of the Biden administration's executive order on AI use and development, which sets some restrictions.

In California, Musk once supported the controversial security bill SB 1047, which attempted to restrict large AI companies, but was strongly opposed by venture capital firms and large-scale developers who believed that the potential risks of AI could not be ignored.

TSL

The National Highway Traffic Safety Administration launched an investigation last month into TSL's fully autonomous driving mode after a TSL driver using the mode struck and killed a pedestrian.

Elon Musk may use his influence to influence federal regulation of autonomous vehicles, especially federal vehicle safety enforcement. He is particularly focused on this area, as TSL hopes to launch autonomous taxis to challenge more mature competitors such as Alphabet's Waymo and General Motors' Cruise.

Musk may also pressure Trump to oppose the Biden administration's electric vehicle tax credit policy, which aims to encourage consumers to purchase electric vehicles.

However, Trump's promise to increase tariffs on China and other competing countries like Biden could have a complex impact on Musk. Restricting the import of cheap electric cars may reduce TSL's competition in the US market, but escalating trade wars could also affect the entire technology industry, especially the chip Supply Chain relying on China and Taiwan.

Regardless, investors are hopeful for this prospect: TSL stock price soared 15% after Trump's victory speech.

The Boring Company

Musk's vision for high-speed transportation, such as Boring Company's 'Hyperloop' project, has been hindered by regulatory and technological constraints. The company is currently focusing on a lower-tech version, using TSL cars to transport passengers in underground tunnels near the Las Vegas Convention Center. The project is also facing an investigation by the Occupational Safety and Health Administration (OSHA) regarding workplace safety.

Despite the high cost, complex infrastructure, and inadequate safety conditions, Musk attributes the failure of tunnel projects in other cities to excessive government regulation. With government allies, Boring Company may have an easier time winning large-scale infrastructure projects.

Neuralink

As the founder of the brain-computer interface company Neuralink, Musk has repeatedly criticized the Food and Drug Administration (FDA) for its overly lengthy approval process for new drugs and medical devices. He called it 'overregulation costing lives' at a gathering in Pennsylvania.

Despite the fact that the cancer drugs he mentioned have actually been approved, Musk still believes that relaxing regulations can speed up the approval process for Neuralink. Currently, Neuralink has implanted FDA-approved brain-machine interface devices in two patients' bodies.