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In February, the valuation of MuskIt plummeted from $500 million to under $1.5 million, while Errol Musk is pursuing plans for a Musk Tower in Dubai, seeking $150-$200 million through his cryptocurrency. During a recent trip to the Gulf, Elon Musk secured deals for SpaceX and Neuralink, highlighting the intertwining of business interests and foreign policy. His family, including Kimbal and Maye Musk, is also involved in various ventures in the region, further solidifying their ties to Gulf monarchies.
Maye Musk, mother of Elon Musk, has cultivated a significant presence in China, frequently traveling there to speak at events, model for brands, and promote Tesla. As a result, she gained over 600,000 followers on the Chinese social media app RedNote, just as many Americans began to explore the platform amid a TikTok ban.
Elon Musk spoke at a JPMorgan Chase conference in Miami, discussing his role in reshaping the federal government under President Trump, including plans to eliminate federal agencies and reduce government jobs. The event, attended by JPMorgan CEO Jamie Dimon and about 200 clients, featured a conversation moderated by David Rubenstein. Musk and Dimon, who previously had legal disputes, have since settled their differences.
President Biden warned of a growing "oligarchy" in America, highlighting the concentration of wealth and power among a few ultra-wealthy individuals, implicitly targeting figures like Elon Musk and Donald Trump. His administration faces criticism for excluding Musk from key discussions, which some believe may have pushed him to support Trump. Biden emphasized the need for accountability among the wealthy, drawing parallels to historical antitrust efforts aimed at ensuring fairness and rights for workers.
Maye Musk
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