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Is Elon Musk getting paid for DOGE? And what is his title?


Published on 2025-03-06 09:20:52 - NewsNation
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  • Musk's companies receive hundreds of millions of dollars each year in contracts. SpaceX has secured nearly $20 billion in federal funds since 2008 to ferry astronauts and satellites into space. Tesla had already received $41.9 million from the U.S. government, including payment for vehicles provided to some U.S. embassies.

Elon Musk has not received direct payments for promoting Dogecoin, but his actions and endorsements have significantly influenced the cryptocurrency's value and popularity. Musk has frequently tweeted about Dogecoin, often leading to spikes in its price. While he has not been paid in the traditional sense, his promotion has arguably served as a form of indirect compensation through increased visibility and potential future business opportunities related to cryptocurrency. Musk's involvement with Dogecoin includes light-hearted comments, like suggesting it could be used to buy a Tesla, and more serious endorsements, such as his company SpaceX accepting Dogecoin for merchandise. His influence has led to Dogecoin becoming one of the top cryptocurrencies by market capitalization, despite its origins as a meme. However, Musk's engagement with Dogecoin has also attracted scrutiny from regulatory bodies like the SEC, questioning whether his tweets could be seen as market manipulation.

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