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Musk filed $9 billion neurolink as a “small disadvantaged business” in federal filing

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Jul 17, 2025 at 9:14 PM.

  1. Jul 17, 2025 at 9:14 PM #1
    WarDamnGator

    WarDamnGator GC Hall of Fame

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    Welfare queen musk is at it again … this time filing his $9 billion dollar business as a “small disadvantaged business”. People who file as a small disadvantaged business can get preferential treatment on federal contacts, but must be “socially disadvantaged and economically disadvantaged.” … Musk is the richest guy in the world.

    “Neuralink’s filing, dated April 24, would have reached the SBA at a time when Musk was leading the Trump administration’s Department of Government Efficiency. At DOGE, Musk worked to slash the size of federal agencies.
    According to the SBA’s website, a designation of SDB means a company is at least 51% owned and controlled by one or more “disadvantaged” persons who must be “socially disadvantaged and economically disadvantaged.” An SDB designation can also help a business “gain preferential access to federal procurement opportunities,” the SBA website says. “

    Elon Musk's Neuralink filed as 'disadvantaged business' before being valued at $9 billion
     
    • Informative Informative x 1
  2. Jul 17, 2025 at 9:33 PM #2
    gator_jo

    gator_jo GC Hall of Fame

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    Going out on a limb here, but this won't matter. After all, we've got a criminal leading the country, and our Department of Justice is fully instructed to operate solely to enable his vendettas and criminal activity.
     
  3. Jul 17, 2025 at 9:43 PM #3
    vaxcardinal

    vaxcardinal GC Hall of Fame

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    Perhaps musk is just 49% owner
     
  4. Jul 17, 2025 at 10:27 PM #4
    WarDamnGator

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    So then who would be the “economically disadvantaged” fella that holds the other $4.5 billion worth of this small business? Any guesses on who that struggling entrepreneur might be?
     
  5. Jul 17, 2025 at 10:28 PM #5
    slocala

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    He checked “African American” on the form. o_O
     
    • Funny Funny x 1
  6. Jul 18, 2025 at 4:41 AM #6
    vaxcardinal

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    The person/people who own 51% of the company don’t necessarily need to own 51% of the value. They just need to fall into the category of economically disadvantaged. It’s a loophole that hasn’t been closed so people take advantage of it all the time. This one just gets press because Musk is a minority owner.
     
  7. Jul 18, 2025 at 6:58 AM #7
    BLING

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    Who is “economically disadvantaged”? It’s not a publicly traded company. So the ownership is basically Musk and a bunch of venture capital firms. Strong smell of bs with your explanation.
     
    Last edited: Jul 18, 2025 at 7:11 AM
    • Agree Agree x 1