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☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

WASHINGTON — Tech mogul Elon Musk briefly joined President-elect Donald Trump's phone call with Ukrainian President Volodymyr Zelenskyy on Wednesday, according to a source familiar with the matter. Neither Zelenskyy nor Trump had previously disclosed that Musk was on the call. Musk has also had phone conversations with Russian President Vladimir Putin, according to a source with knowledge of the matter. Near the start of the war, after Russia invaded, Musk helped provide internet support for Ukraine. In October 2022, he suggested that Ukraine cede Crimea to Russia as part of a possible peace deal, drawing rebukes from Zelenskyy and other Ukrainian officials.

Persons: Elon Musk, Donald Trump's, Volodymyr Zelenskyy, Zelenskyy, Trump, Musk, Axios, Kamala Harris, JD Vance, Vladimir Putin Organizations: WASHINGTON — Tech, Elon, Trump, Ukrainian Embassy, Washington , D.C, Wall Street, Emergency, SpaceX Locations: Ukrainian, Washington ,, Ukraine, U.S, Russia, Crimea

☆ What Trump's second term means for space and why one expert is 'hugely optimistic'
▼ + stars: | 2024-11-09 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Space industry experts told Business Insider that Musk's influence over Trump could help advance his business interests, including sending the first crewed mission to Mars. "I'm hugely optimistic about what's going to happen in space now," Michelle Hanlon, executive director of the Center for Air and Space Law at the University of Mississippi School of Law, told Business Insider. Hanlon's optimism isn't unfounded, especially if Trump's second term focuses on space as much as his first. AdvertisementDuring his first term, from 2017 to 2021, Trump's administration founded the Space Force, re-launched the National Space Council, and established NASA's Artemis program. A spokesperson for Trump's campaign said that Musk's ideas and efficiency will benefit federal bureaucracy but his role in Trump's administration remains under wraps.

Persons: Elon Musk, Donald Trump, Trump, —, Elon Musk's, Michelle Hanlon, Musk, Volodymyr Zelenskyy, Axios, Jim Watson, Deborah Sivas, it's, Elon, Hanlon, George Nield, we've, Donald Trump’s, Anna Moneymaker, Nield, Artemis program's Organizations: Service, Trump, Center for Air, Space, University of Mississippi School of Law, Space Force, Space Council, Department of Government, Traffic Safety Administration, Federal Aviation Administration, Ukrainian, Getty, SpaceX, Environmental, Stanford, Republicans, Space Transportation, NASA, Orion Locations: Pennsylvania, Butler , Pennsylvania, Sivas

☆ Elon Musk's wealth soars past $300 billion as Tesla shares climb on the back of Trump's election win
▼ + stars: | 2024-11-09 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Elon Musk's net worth has soared past $300 billion, according to the Bloomberg Billionaires Index. It comes off the back of big stock market gains for Tesla following Trump's election win. AdvertisementElon Musk's net worth has surged past $300 billion as Tesla shares climbed following Trump's election win earlier this week. Musk's fortune stands at $314 billion as of Saturday, up a handsome $50 billion since November 5, according to the Bloomberg Billionaires Index. Musk's other ventures, such as his aerospace company SpaceX, could also benefit during Trump's second term in office.

Persons: Elon, Tesla, —, Jeff Bezos, Mark Zuckerberg, Musk, Dan Ives, Ives, Francesco Trebbi, Trump Organizations: Bloomberg, Tesla, Service, Elon, Trump, EV, SpaceX, University of California, Department of Defense Locations: China, Berkeley

☆ California took a surprisingly red turn on key issues, upending its ultraliberal reputation
▼ + stars: | 2024-11-09 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Landlords, realtors, and some pro-housing groups opposed the measure, but the California Democratic Party, tenant groups, and some unions supported it. California voters did, however, vote to enshrine a state constitutional right to marry regardless of sex or race and to issue bonds for natural resource conservation. Related storiesThough Lurie is a Democrat, he received the support of some Republican groups in San Francisco who have criticized Breed's handling of crime, drug use, and homelessness in the city. AdvertisementOther signs California was turning more redBefore Election Day, there were some signs the state's electorate had shifted to the right. California is still tallying its votes, so exactly how much the presidential vote changed from 2020 to 2024 is unclear.

Persons: —, Elon Musk, Donald Trump, Kamala Harris, Gavin Newsom's, Voters, Allen J, Incumbent San Francisco Mayor London Breed, Daniel Lurie, Lurie, Levi Strauss, Mark Farrell, George Gascón, Gascón, Nathan Hochman, Harris, Joe Biden Organizations: Service, Democratic, SpaceX, Republican, Trump, State, Democratic Gov, realtors, California Democratic Party, Los Angeles Times, Getty, Incumbent San Francisco Mayor London, Democrat, The San Francisco Republican, Los, Public, Institute of California Locations: California, Texas, Coachella, San Francisco, The, Los Angeles County, Los Angeles, Illinois , New Jersey , New York , Connecticut, Maryland

☆ '#EndtheFed': Elon Musk endorses plan to let presidents meddle with Federal Reserve after Trump election win
▼ + stars: | 2024-11-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy. Though brief, Musk's comment reflects a broader pressure campaign on Fed independence that could take shape in the next Trump administration. On Thursday, Fed Chair Jerome Powell said he would not resign from his post if Trump asked him to do so. But during his first term in office, Trump was not shy about breaking from tradition and publicly disparaging Powell and his policy decisions. Over the course of the 2024 presidential campaign, Trump also often flirted with the idea of giving himself a say in Fed policy if he were to win the White House again.

Persons: Elon Musk, Donald Trump, Tesla, Sen, Mike Lee, Musk, Lee, Trump, Jerome Powell, Powell Organizations: Republican, SpaceX, Fed, White, Federal Reserve Locations: Butler , Pennsylvania, Utah, U.S, Lago, Florida

Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory. The new valuation also increases Tesla CEO Elon Musk's net worth to some $300 billion, according to Forbes — increasing his net worth as the world's richest person by more than $30 billion. Through his rocket company SpaceX, Musk has been the beneficiary of billions in government contracts over the past decade. Tesla's 13-figure valuation puts it among the ranks of Nvidia, Apple, Microsoft, Google-parent Alphabet, Amazon and Facebook-parent Meta. Tesla previously hit $1 trillion in 2021.

Persons: Tesla, Donald Trump's, Elon, Forbes —, Musk, Trump Organizations: Forbes, Trump, SpaceX, Nvidia, Apple, Microsoft, Google, Facebook

AdvertisementSome venture capitalists expect US President Donald Trump to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Related VideoWhile many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. E-acc," referring to the recent Silicon Valley movement that wants technological advancements in AI to move as fast as possible, without any guardrails. Regulation has held Silicon Valley back in recent yearsVCs during Biden's presidency have complained about how tough it's been to get deals done. AdvertisementVCs anticipate an innovation boomAmerica is a country of entrepreneurs, and that's especially true in Silicon Valley.

Persons: —, Donald Trump, Elon, Ben Narasin, we've, Trump, Musk, cheekily, Vance, Augustus Doricko, Kamala Harris, Aaron Levie, Harris, Mark Pincus, Biden's, Louis Lehot, Foley, Lardner, Lina Khan —, it's, Biden, JD Vance, Khan, Mason Angel, who's, he's, Narasin, Ben Thompson, Rainmaker's Doricko, Angel Organizations: Service, Elon, Venture, White, Department of Government, Zynga, acc, Google, Microsoft, Nvidia, Federal Trade Commission, Department of Justice, Trump, Republican, Big Tech, FTC, SpaceX, Space Force Locations: Silicon Valley, Silicon

CNN —Tech tycoon Elon Musk joined a call between US President-elect Donald Trump and Ukrainian President Volodymyr Zelensky the day after the presidential election, according to a source with knowledge of the situation. Zelensky previously said on X that he called Trump on Wednesday and congratulated him on “his historic landslide” win. Strong and unwavering US leadership is vital for the world and for a just peace,” Zelensky wrote at the time. CNN is reaching out to Musk and Trump’s teams about the call, which was first reported by Axios. Questions about Musk’s influence in the war also began to mount amid a rise in Ukrainian sightings of Russian uses of the satellite internet service.

Persons: Elon Musk, Donald Trump, Volodymyr Zelensky, Zelensky, “, Strong, ” Zelensky, Axios, Vladimir Putin, Musk, –, Starlink, Walter Isaacson, Isaacson, Dmitry Peskov Organizations: CNN — Tech, US, Ukrainian, CNN, Trump, PAC, NASA, SpaceX, Pentagon, Starlink, Russian, Putin Locations: Kyiv, Russia, Ukraine, Crimea, Crimean, Ukrainian, American

☆ Elon Musk joined Trump's call with Zelenskyy, showing the Tesla CEO's new influence after spending at least $119 million on the campaign
▼ + stars: | 2024-11-08 | by ( Bryan Metzger | Alice Tecotzky | ) www.businessinsider.com time to read: +2 min

Elon Musk reportedly joined Trump's calls with two world leaders, including Zelenskyy. Musk worked hard to elect Trump and is likely to have influence in the administration as a result. AdvertisementElon Musk joined President-elect Donald Trump's calls with both Ukrainian President Volodymyr Zelenskyy and Turkish President Recep Tayyip Erdogan this week, according to several reports. Axios reported that Musk told the Ukrainian leader that he would continue to support the besieged country via his Starlink satellites. Beyond supporting Trump's campaign financially, Musk joined the president-elect at rallies and held solo town halls.

Persons: Elon Musk, It's, Musk, Trump, —, Donald Trump's, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Axios, Erdogan, Musk's, DOGE Organizations: Service, The New York Times, Trump, Zelenskyy, Mar, Reuters, of Government, Tesla, SpaceX, Tech Locations: Turkish, Silicon, Washington

☆ NASA astronauts from SpaceX Crew-8 mission to speak publicly following hospitalizations
▼ + stars: | 2024-11-08 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

CNN —Three of the astronauts who were unexpectedly hospitalized after returning from the International Space Station in late October are set to discuss their mission during a NASA news conference. NASA astronauts Michael Barratt, Matthew Dominick, and Jeanette Epps are expected to field questions. The group includes (from left) Roscosmos cosmonaut Alexander Grebenkin and NASA astronauts Michael Barratt, Matthew Dominick and Jeanette Epps. NASA ultimately chose to send back the Boeing spacecraft empty and moved Starliner’s astronauts onto the SpaceX Crew-9 mission, delaying the launch of that mission. Astronauts commonly extend their stay aboard the space station for days, weeks or even months as unexpected events arise.

Persons: NASA’s, Michael Barratt, Matthew Dominick, Jeanette Epps, Alexander Grebenkin, “, Barratt, Dominick, Epps, Grebenkin, Gregg Newton, Butch Wilmore, Suni Williams, Frank Rubio, Rubio’s Organizations: CNN, International Space Station, NASA, NASA’s Johnson Space Center, SpaceX, —, Getty, Boeing, Crew Locations: Houston, Russian, Florida, AFP

☆ Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump
▼ + stars: | 2024-11-07 | by ( Sarah Jackson | Madeline Berg | ) www.businessinsider.com time to read: +3 min

The Amazon founder's net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg's Billionaires Index. Amazon's stock reached its own record high on Wednesday, fueling Bezos' wealth jump. His net worth hit a record high of $228 billion on Wednesday, according to the Bloomberg Billionaires Index. The rally helped the Nasdaq 100, the index on which Amazon is listed, reach a record high. The Tesla CEO's net worth climbed $26.5 billion on Wednesday to reach $290 billion, per Bloomberg.

Persons: Jeff Bezos, —, Donald Trump, Bezos, Elon Musk, Bezos —, Trump Organizations: Service, Bloomberg, Nasdaq, Trump, Tesla, Washington Post, SpaceX, NASA

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

☆ Elon Musk wins big by betting on Trump
▼ + stars: | 2024-11-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk used his money, power, and influence to help reelect former President Donald Trump. Musk has spent months strengthening his ties to Trump, using his platform on X to advocate for him and investing over $130 million in pro-Trump efforts. Some suggested Musk's actions might be a risk-hedging strategy to secure Trump's backing if he wins. AdvertisementWhat a Trump win means for Musk's business empireAside from direct influence within the government, a Trump presidency could lead to a lot of wins for Musk's business empire, which includes Tesla, SpaceX, The Boring Company, Neuralink, and X. Coglianese said Musk was also "banking on a president who will want to or be willing to repay Musk for his loyalty."

Persons: Elon Musk, Donald Trump, Trump, Musk, —, Elon, Cary Coglianese, Erik Gordon, Gordon, Francesco Trebbi, Karoline Leavitt, Coglianese, it's, Carl Icahn, Icahn, Joan MacLeod Heminway, Heminway Organizations: Service, Trump, Business, Penn, University of Pennsylvania, University of Michigan's Ross School of Business, Department of Government, Securities and Exchange Commission, Twitter, SpaceX, The Boring Company, Tesla, University of California, Department of Defense, Environmental Protection Agency, University of Tennessee Locations: Pittsburgh, Pennsylvania, Texas, California, University of California Berkeley

☆ Silicon Valley's Trump boosters celebrate: 'It's time to build'
▼ + stars: | 2024-11-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Tech leaders who openly supported Donald Trump took to X to celebrate his win Wednesday morning. AdvertisementAs former president Donald Trump swept to victory Wednesday morning, supporters in Silicon Valley posted messages of congratulations and even gloated over his return to the Oval Office. Some of tech's most high-profile and wealthiest names offered their first reactions after major news networks called the race for Trump. The billionaire owner of X and Tesla watched the election results roll in with Trump from Mar-a-Lago. AdvertisementMarc Andreessen, an early Facebook and Coinbase investor via his firm Andreessen Horowitz, had a curious relationship with Trump.

Persons: Donald Trump, Keith Rabois, —, Chamath Palihapitiya, Shaun Maguire, Trump . Elon Musk, Tesla, Joe Biden, Israel —, Musk, Trump, Doug Leone, Joe Lonsdale, David Sacks, Obama, Biden, Harris, Sacks, Leone, Marc Andreessen, Andreessen Horowitz, Andreessen Organizations: Tech, Service, tech's, Trump, Trump ., Mar, San Francisco, Republicans, Israel, Craft Ventures, Republican National Convention, Business, Federal, Commission, National Republican, Founders Fund, SpaceX, Khosla Ventures Locations: Silicon Valley, Sequoia, America, San, Pennsylvania, Rabois

☆ What mattered more to Trump: Musk's money, or Musk's platform?
▼ + stars: | 2024-11-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk's Twitter purchase has been a financial disaster. But if Twitter helped elect Trump, and Trump rewards Musk for that, does that matter? We don't know what role Twitter — and Musk's money — played in Trump's election. 🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸 pic.twitter.com/x56cqb6oT5 — Elon Musk (@elonmusk) November 6, 2024So, was that $44 billion well-spent, after all? AdvertisementThe truth is we won't know for some time — possibly forever — how much Musk's Trump support mattered.

Persons: Elon, Trump, Twitter, —, Elon Musk, Donald Trump, rena, ould, emin, ories, ou this, aga, Amer, tim e Organizations: Twitter, Trump, Service, Elon, YouTube Locations: Trump's

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

☆ Elon Musk bet big on Trump. Here’s what he stands to gain — and lose — from his win
▼ + stars: | 2024-11-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.

Persons: Donald Trump’s, Elon, Trump, Musk, He’s, ”, Daniel Ives, Tesla, Kamala Harris, “, Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, —, Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla

The West WingOne of Trump’s most important picks will be his White House chief of staff. Karoline Leavitt, who was Trump’s campaign spokeswoman, is being considered as White House press secretary – a job that typically is the most public-facing position in the White House. National security postsTrump has suggested his national security team would be tasked with reassessing the United States’ posture toward Ukraine and Russia, China, Iran, and the simmering conflict in the Middle East. The debate over a renewed Trump’s “America First” agenda is expected to pit Republican national security hawks against the party’s isolationist wing. Secretary of state and national security adviser will be among the most hard-fought positions to stand at the forefront of those shifts.

Persons: Donald Trump’s, Trump, Howard Lutnick, Linda McMahon, John McEntee, Cliff Sims, Ross Werner, Goldman Sachs, Trump’s, John Kelly, Susie Wiles, Wiles, Russ Vought, Brooke Rollins, Bob Lighthizer, Karoline Leavitt, –, Musk, Robert F, Kennedy Jr, Elon Musk, helms, Kennedy, ”, Ken Paxton, Matt Whitaker, Jeff Sessions, Sen, Mike Lee of, of National Intelligence John Ratcliffe, Mark Paoletta, Kash Patel, Patel, Christopher Wray, James Comey, Jeffrey Jensen, Louis, Bill Barr, Jensen, Michael Flynn, Barr, Florida Sen, Marco Rubio, Tennessee Sen, Bill Hagerty, Richard Grenell, Grenell, ” Arkansas Sen, Tom Cotton, Keith Kellogg, Ratcliffe, Gina Haspel, Cotton, Mike Waltz, Mike Pompeo, Elise Stefanik, She’s, Morgan Ortagus, David Friedman, Kelly Craft, Scott Bessent, “ He’s, MAGA, he’s, Elon, Hank Paulson, George, Jay Clayton, Lighthizer, McMahon, Doug Burgum, flinch, Jamieson Greer, CNN’s Kevin Liptak, Alayna Treene, Hannah Rabinowitz, Kylie Atwood Organizations: CNN, Trump, White House, Heritage Foundation, White, Pentagon, West, America, Policy Institute, RFK Jr, SpaceX, Senate, Republicans, PAC, Department of Health, Human Services, Environmental Protection Agency, Department of Agriculture, Justice and Homeland Security, of National Intelligence, Conservative, FBI, Republican, Central Intelligence Agency, CIA, New York Republican, House GOP, United Nations, UN, State Department, Soros, Goldman, George Bush’s, Department, Chinese Communist Party, Securities and Exchange Commission, Treasury, Commerce Department . North Dakota Gov, US Trade Locations: Trump, Central Park, Texas, Mike Lee of Utah, Beach, St, United States, Ukraine, Russia, China, Iran, Florida, Tennessee, Japan, Germany, ” Arkansas, Barr, UN

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.

Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, ”, ” Hughes, Justin Merriman, ” Trump, “, walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars

☆ World's first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KYOTO, Japan — The world’s first wooden satellite, built by Japanese researchers, was launched into space Tuesday in an early test of using timber in lunar and Mars exploration. Scientists at Kyoto University show LignoSat, the first satellite made from wood, in May. STR / Jiji Press / AFP - Getty Images file“Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, NASA, LignoSat, Jiji Press, Getty, Elon, Station, Sumitomo Forestry Tsukuba Research Institute Locations: KYOTO, Japan, Kyoto

☆ World’s first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Kyoyo, Japan Reuters —The world’s first wooden satellite, built by Japanese researchers, was launched into space on Tuesday, in an early test of using timber in lunar and Mars exploration. An engineering model of LignoSat, pictured at Kyoto University ahead of Tuesday's launch. “Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Irene Wang, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Japan Reuters, Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, Reuters, NASA, Elon, Space, Sumitomo Forestry Tsukuba Research Institute Locations: Kyoyo, Japan, Kyoto

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