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Repricing Elon Musk’s Business Empire

Summary by Political Wire
“Just a few months ago, investors were willing to massively increase the valuations of Elon Musk’s companies, in part because of his proximity to Donald Trump and the centers of Washington power. That ended yesterday,” Axios reports. “Markets and private investors attributed literally hundreds of billions of dollars of value to the idea that Musk’s privileged access would flow to the success of Tesla, SpaceX, xAI and the like.” “Investors will n…

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Americans are wondering Friday about the consequences of the spectacular public breakup between Donald Trump and Elon Musk, with the president notably threatening to terminate public contracts signed with the companies of the world's richest man.

Keys of the day: Trump-Musk's big divorce, Putin's revenge and Europe on the edge of the cliff After an intense public dispute between Donald Trump and Elon Musk, the president's advisors have scheduled a call with the businessman to calm tensions and avoid further political and economic consequences.The conversation seeks to stop the escalation [...] The Keys of the day: The big Trump-Musk divorce, Putin's revenge and Europe on the edge of the …

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caithness-business.co.uk broke the news in on Friday, June 6, 2025.
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