Elon, Inc. Elon Just Got His Very Own Town
30 snips
May 6, 2025 
Max Chafkin, a Senior writer at Bloomberg Businessweek, and Madeline Mekelburg, Texas legal reporter for Bloomberg, dive into Elon Musk's latest venture—creating a new town called Starbase. They discuss Musk's battles with the SEC, the quirky welcome featuring a gold bust, and the implications of Musk's corporate influence on local governance. Controversies arise over community dynamics as Musk transforms a quiet area into a tech-driven hub, highlighting both hopes for innovation and challenges posed by corporate power.
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Musk's Contentious SEC Relationship
- Elon Musk has had a longstanding, contentious relationship with the SEC, marked by confrontations and investigations.
- Despite fines and sanctions, he continues behaviors that push regulatory boundaries without changing his approach.
Measured SEC Changes Under Musk
- The arrival of Elon Musk's team at the SEC was met with anxiety but less disruption than anticipated.
- The approach appears deliberate to avoid negative optics given Musk's history with the agency.
Political Restraint Influences Regulation
- The Trump administration hesitated to overtly favor Musk despite his influence and investment.
- This political caution prevents overt actions that could damage public perception regarding Musk and the SEC.