Scott Gurvey's Public Offerings

What do you get the guy who has everything? Better still, what does the guy who has everything buy for himself? Elon Musk bought himself a president.

Musk spent about $277 million to back Donald Trump in his successful campaign to win a second term. In return, Trump apppointed Musk, along with Vivek Ramaswamy, an entrepreneur and former candidate turned rabid Trump supporter, to run the grandiosely named “Department of Government Efficiency (DOGE)“. This sounds official but in fact is a sort of advisory panel with no legal authority, charged by Trump to focus on regulating government spending and to cut regulations. How much influence Musk has is a function of how much attention Trump pays to him. It appears $277 million buys you a lot of attention.

Read more