Musk’s DOGE bros cash in as their new firms raise $500M

PoliticsBusiness & Finance
13 Oct 2026 • 9:45 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Musk’s DOGE bros cash in as their new firms raise $500M

  • A new analysis finds at least two dozen former staffers from Elon Musk's Department of Government Efficiency are leveraging their Washington experience to fuel private-sector ventures.
  • Businesses co-founded or backed by ex-DOGE personnel have raised more than $500 million across sectors such as artificial intelligence, cyberwarfare, and data centers.
  • Ethics experts warned that these alumni are monetizing government service in unprecedented ways, creating calls to modernize federal ethics laws.
  • DOGE operated briefly during President Donald Trump's second term, claiming $215 billion in taxpayer savings—a figure critics dispute and that falls well short of Musk's original $2 trillion goal.
  • Musk previously left the administration after a public feud with President Trump over legislation, though he has since resumed heavy political fundraising for Republicans.

IN FULL

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved