Donald Trump’s speech to the country on election night confirmed that one of the biggest winners of the evening, besides himself, was Elon Musk.

Trump spent much of his sparse victory speech thanking Musk, who recently spent more than $130 million and a lot of time and tweets on the conservative political cause. In particular, Trump praised Musk’s rocket company EspaceX and its Starlink Internet satellites, two business units poised to land government contracts.

“We must protect our super geniuses,” the president-elect said. On the campaign trail, Trump said he would create a new “government efficiency” position in his administration for the tech CEO, at Musk’s request.

Musk is known for citing government overreach in the face of any fines or penalties. So it’s no surprise that the multibillionaire has linked himself with Trump, who has promised to roll back the regulations.

In addition to potentially looser government oversight, Musk’s alliance with Trump could help him secure federal contracts. THE New York Times reports that SpaceX and Tesla have already racked up at least $15.4 billion in government contracts over the past decade. Musk’s colleagues and government officials said Reuters The billionaire’s investment in Trump is part of a broader effort to shield his companies from regulation and ensure access to government subsidies.

Below are some of the benefits each of Musk’s companies could gain from Trump taking over the White House.

SpaceX and Starlink

Tensions between the Federal Aviation Administration and SpaceX are high. In September, Musk called for the resignation of FAA chief Michael Whitaker over $630,000 in fines levied against SpaceX for violations related to rocket launches. Musk said his plans for a Department of Government Efficiency (DOGE) under Trump included loosening regulations on its rocket launches.

Meanwhile, Starlink, SpaceX’s satellite internet unit, could also get a friendlier welcome from the Federal Communications Commission under Trump, assuming the president taps Republican Commissioner Brendan Carr to replace current Speaker Jessica Rosenworcel. Carr called the FCC’s 2022 decision to revoke $885 million in subsidies to Starlink “regulatory harassment.” And Trump himself has suggested using Starlink’s satellite services for rural connectivity — a potential financial boon for Starlink — as part of the government’s $42 billion plan for future broadband funding.

X

Following Musk’s $44 billion buyout of what was formerly Twitter, the Federal Trade Commission investigated whether X and his new owner violated an existing data confidentiality agreement between the FTC and the company. After acquiring the service, now known as X, Musk eliminated its privacy and security compliance teams, which were supposed to keep the company in the FTC’s good graces. Last week, Musk promised some revenge when he said FTC Chair Lina Khan would be fired under the Trump administration. Never mind the fact that Trump’s vice president, JD Vance, praised Khan for being tough on monopolies.

xAI

Musk’s generative AI startup, xAI, has a chatbot that rivals OpenAI’s ChatGPT and other big language models. Musk is therefore very interested in any regulations impacting AI.

So far, federal discussions about adopting broad regulation of AI companies have not materialized. But Musk could still intervene by advising Trump on a lighter replacement of the Biden administration’s executive order on AIa framework for the use and development of AI that imposes certain restrictions on AI companies.

In California, Musk supported controversial security legislation, SB 1047, that would have reined in big AI companies. This legislation was fiercely opposed by venture capitalists and large developers, citing the potentially catastrophic risks of artificial intelligence.

Tesla

Federal auto safety regulators last month hit Tesla with a new investigation into its fully autonomous driving mode, which partially automates human driving, after a Tesla driver fatally struck a pedestrian. Musk could use his influence to shape federal enforcement of auto safety or federal regulation of self-driving cars or robo-taxis. It’s an area he cares deeply about, as Tesla hopes to introduce robotaxis to take on more established competitors like Alphabet’s Waymo and even GM’s Cruise.

Musk may also try to pressure Trump over his opposition to the Biden administration’s electric vehicle tax credits, which encourage the purchase of electric vehicles.

Trump’s promise to increase Biden’s existing tariffs on China and other competing countries could also prove complicated for Musk. Limiting the importation of cheaper electric vehicles would eliminate some of Tesla’s competition in the United States, but escalating a trade war would also broadly harm the technology by disrupting reliance on China and Taiwan for chips.

Regardless, investors remain hopeful: Tesla stock rose 15% after Trump’s victory speech.

Boring business

Musk’s visions for high-speed mass transit, like the Boring Company’s Hyperloop project, are stifled by regulation and the limits of current technology. Instead, he focused on a less technological version: Teslas ferrying passengers underground near the Las Vegas convention center. The project was the subject of an OSHA investigation workplace safety. But despite the high costs, complex infrastructure and dangerous conditions, Musk insisted government regulation is to blame for failed tunnel projects in some other American cities. Regardless, having allies in the U.S. government could make it easier for Boring to win major infrastructure projects.

Neural link

As founder of brain chip company Neuralink, Musk has criticized the Food and Drug Administration’s lengthy approval processes for new drugs and medical devices, telling a rally in Pennsylvania that “over-regulation is killing people.” people “. It was later reported that the cancer drug Musk was referring to was actually approved. Still, Musk’s vision of widespread “government efficiency” would likely also target the FDA and potentially get its Neuralink approvals faster. So far, Neuralink has implanted brain devices in two patients with FDA approval.

This story was originally featured on Fortune.com