Washington, DC - February 19 : Elon Musk carries a stuffed Air Force One as he walks back to the West Wing along the colonnade after returning to the White House on Marine One with President Donald J Trump on Wednesday, Feb 19, 2025 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)
Elon Musk is back in the spotlight. This time, the billionaire has transformed from a controversial figure into a hero overnight. His SpaceX mission successfully brought two NASA astronauts back to Earth after they were stranded on the International Space Station for months. Is Musk the new hero? But even as Musk celebrates, his Tesla empire is facing major challenges. Shares are tumbling, protests are escalating, and his net worth has taken a massive $200 billion hit since aligning himself with Donald Trump.
For nine months, NASA astronauts Sunita Williams and Barry “Butch” Wilmore remained stuck aboard the ISS. Boeing’s Starliner spacecraft had severe technical failures, forcing NASA to send it back to Earth without its crew. The delay led to mounting criticism, with Musk and Trump accusing the Biden administration of abandoning the astronauts.
Then came SpaceX to the rescue. The Crew Dragon capsule undocked from the ISS and made a dramatic descent back to Earth, landing off the Florida coast. Musk wasted no time celebrating on social media, pointing out that his private company—not the U.S. government—was responsible for the rescue. “You’re welcome,” he wrote bluntly on X.
Trump quickly seized the moment, praising Musk as a “true patriot.” He claimed the mission proved that private industry, when freed from government restrictions, could accomplish more than bureaucratic agencies. He even hinted that Musk could play a bigger role in his administration’s future space policy.
With SpaceX’s latest success boosting his credibility, Musk is now shifting focus to his ultimate dream: Mars. This time, he may have Trump backing him.
Sources close to the Trump campaign say the two have been discussing a public-private space initiative. Trump has long pushed for American space dominance and is reportedly looking for ways to integrate Musk’s Mars ambitions into his broader agenda.
“If Trump wins, expect Musk to have a much bigger role in America’s space program,” an insider revealed.
Musk has repeatedly said that humans need to become a multi-planetary species. With Trump’s support, his plans for a Mars colony could become a reality sooner than expected.
But while Musk is winning in space, his electric car empire is in trouble. Tesla, once the crown jewel of his business empire, is facing growing resistance.
Protests against Tesla have erupted in several cities, targeting Musk’s political alliances, labor policies, and environmental concerns. Demonstrations have intensified in Germany, where activists have blocked Tesla’s Gigafactory, delaying production.
At the same time, Tesla’s stock is crashing. Since Musk’s public embrace of Trump, shares have plummeted, wiping out more than $200 billion from his fortune. Investors are worried that Musk’s increasing involvement in politics is damaging Tesla’s brand.
Wall Street analysts are also alarmed. Tesla is facing growing competition from Chinese electric vehicle makers, supply chain issues, and the underwhelming reception of the Cybertruck. “Musk is distracted,” one analyst noted. “He’s fighting social media battles, managing multiple companies, and now diving deep into politics. Tesla shareholders are losing patience.” There is also critique of his reported use of the drug Ketamin. One early investor in Tesla has urged Musk to step aside as CEO of the EV company.
Elon Musk’s transformation from tech mogul to political power player is unlike anything seen before. On one hand, he is proving himself as a disruptor, rescuing astronauts and pushing the boundaries of space travel. On the other, he is facing a brutal backlash that threatens his electric car empire.
Will Musk’s alliance with Trump boost his influence on the world stage? Or will his political moves continue to cost him billions? One thing is certain—Musk is no longer just building cars and rockets. He is rewriting the playbook for what a billionaire can do.
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