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Democrats take on Musk
After regaining majorities in both chambers of Congress, Democrats are preparing to launch investigations into Elon Musk’s business empire. Their focus will include SpaceX’s military contracts and the U.S. military’s reliance on the company, as well as Musk’s role in national security matters. The scrutiny could also extend to his companies in Texas, including a review of Starlink grants and his correspondence with the state’s governor, alongside legislation requiring independent AI safety testing and holding developers accountable. Tesla’s and SpaceX’s market valuations fell by about $460 billion in the two days after the elections, amid investor concerns that the investigations could derail expansion and merger plans.
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