Elon Musk’s mass government cuts could make private companies millions
Defense and tech firms – including Musk’s own – await potential contracts as Doge decimates US agencies
Musk’s plans have already excited Silicon Valley mainstays such as Palantir, whose executives praised Doge on an earnings call last week and talked about how the disruption by the billionaire’s strike squad was good for the company.
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Other CEOs and tech executives have similarly praised Musk and told investors that Doge’s plans represent an opportunity for their companies. Brian Armstrong, CEO of the multibillion-dollar cryptocurrency exchange Coinbase, lauded Doge last week for its “great progress” and suggested putting government expenditures on blockchain technology. Defense contractors like Lockheed Martin and Northrop Grumman spoke favorably of the effort on recent earnings calls, while the Predator drone-maker General Atomics Aeronautical Systems wrote a letter directly to Musk last month asking him to speed up the way the Pentagon handles defense contracts.
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Trump has already dissolved one watchdog agency investigating Tesla.
(from
https://www.theguardian.com/technology/2025/feb/16/elon-musk-doge-government-privatization)