Musk’s Contact with Putin Rekindles Fears of Risky Tycoon Influence

Written by Kathrine Frich

Oct.27 - 2024 10:43 AM CET

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Photo: Shutterstock
Photo: Shutterstock
It represents a potential security risk.

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A recent report by Wall Street Journal revealed that Tesla and SpaceX CEO Elon Musk has maintained secretive communications with Russian President Vladimir Putin over the past two years.

Legacy of American Tycoons

This disclosure has sparked comparisons between Musk and a controversial legacy of influential American tycoons whose private, international dealings often conflicted with official U.S. policies.

While Musk often presents himself as a forward-thinking innovator in sectors like automotive electrification and space exploration, his forays into geopolitics raise eyebrows.

His alleged private rapport with Putin reflects a similar attitude found in the history of influential U.S. tycoons who have wielded their clout on the global stage.

In American history, the actions of magnates like Henry Ford and David Rockefeller frequently resulted in notable diplomatic tensions.

Ford, an icon of industry, once undertook a mission to end World War I independently, while Rockefeller’s Chase Manhattan Bank sought to preserve ties with Iran’s former Shah and China during the Cultural Revolution. Both were criticized for using private influence in matters traditionally handled by state diplomats.

A Potential Security Risk

Former Obama-era U.S. diplomat Richard Stengel sees Musk’s engagement with Putin as troubling. Stengel warned that Musk’s interactions with foreign leaders on a blacklist maintained by the U.S. Treasury – particularly leaders from authoritarian regimes like Russia and Syria – represent a potential security risk.

According to Digi24 he specifically pointed to a WSJ report alleging that Putin asked Musk to refrain from activating Starlink, his satellite internet service, over Taiwan, reportedly as a favor to Chinese President Xi Jinping.

Musk’s position is unique. He manages a range of enterprises critical to U.S. infrastructure and defense, from satellite internet to space missions.

Unlike previous private-sector giants who faced repercussions for policy conflicts, Musk’s central role in space and communications infrastructure complicates any government oversight or intervention. As Stengel notes, Musk’s indispensability raises a critical question: Is he “too big to fail?”