Trump Reaffirms Support for Elon Musk’s Federal Subsidies Despite Public Feud

Former President Donald TRUMP has publicly denied rumors of cutting federal subsidies for Elon Musk's ventures, despite their recent fallout. In a Truth Social post, Trump emphasized his desire for Musk and all U.S. businesses to "THRIVE like never before," framing their success as beneficial for the nation.

The statement comes amid speculation over Musk's $200 million Department of Defense contract for xAI, aimed at expanding Pentagon artificial intelligence capabilities. This deal proceeded despite Musk's criticism of Trump's "One Big Beautiful Bill," which he labeled a "disgusting abomination."

Trump had previously hinted at withdrawing government funding for Musk's projects in June, suggesting it could save "Billions and Billions of Dollars." The reversal highlights the complex interplay between tech billionaires and political figures during periods of economic and technological transformation.