Tag:Elon Musk
$47 for the 47th Presidency: Musk Tests Super PAC Limits with Payouts for Swing State Voter Referrals
On October 7, 2024, Elon Musk’s pro-Trump Super PAC, America PAC, announced it would disburse $47 payments to residents of certain swing states who refer other swing state voters to sign a petition pledging support for the First and Second Amendments. Musk said on his social media platform, X, “ For every person you refer who is a swing state voter, you get $47! Easy money.” Eligibility is limited to registered voters in seven key battleground states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Musk’s goal is to reach 1 million signatures, which would amount to $47 million in payments to signatories.
Musk, Twitter, and Poison Pills
Although the business world and the public at large have been fascinated by the words and actions of Elon Musk for several years, that fascination has reached new heights over the past several weeks. The business world recently learned that Musk has spent his time in recent weeks criticizing Twitter, buying a large stake in the company, accepting a seat on Twitter’s board, rejecting the seat on Twitter’s board, and then offering to buy Twitter and take the company private. Twitter responded to this offer by implementing a so-called “poison pill.”
Fly Me (Safely) to the Moon: Regulating Commercial Space Travel
The recent successful trips to the edge of space by Jeff Bezos and Richard Branson are predicted to boost consumer confidence in the possibility of using commercial spaceflight as a global transportation system. However, as interest and involvement in commercial spaceflight grows, safety regulations are failing to keep up. The Federal Aviation Authority (FAA) has the authority to regulate spaceflight, but there is currently a moratorium on regulating the industry until 2023 to encourage innovation.