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Tags: elon musk | government aid | spacex | tesla | solarcity

Elon Musk Made Fortune With Government Aid

SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 in Berlin, Germany, on December 1, 2020. (Britta Pedersen/Getty Images)

By    |   Thursday, 21 April 2022 06:47 AM EDT

Elon Musk repeatedly has claimed he doesn't want any help from the U.S. government, but along the way to amassing his $265 billion fortune, the richest man in the world proved far more amenable to accepting Washington's dollars.

Musk's companies, including SpaceX and Tesla, have received billions of dollars from the government throughout the years in the form of contracts, subsidies, and tax credits. A Los Angeles Times investigation into Musk's empire found that his companies received nearly $5 billion in government subsidies alone by 2015. Since then, that number has only grown.

Marisa Herman ✉

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2026 Newsmax. All rights reserved.


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Elon Musk repeatedly has claimed he doesn't want any help from the U.S. government, but along the way to amassing his $265 billion fortune, the richest man in the world proved far more amenable to accepting Washington's dollars.
elon musk, government aid, spacex, tesla, solarcity
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2022-47-21
Thursday, 21 April 2022 06:47 AM
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