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Elon Musk's giant charity keeps the money close to home

·1 min

The Rocket Bar in Brownsville, Texas, is one of several new nightlife establishments that received funds from a philanthropic initiative to revitalize downtown. After making significant donations to his charity, the owner of Tesla and SpaceX donated funds to Cameron County, Texas, following an incident in which a SpaceX rocket exploded. The Musk Foundation, which handles billions of dollars, has been criticized for its limited and self-serving philanthropy. Despite being required by law to serve the public interest, about half of the foundation’s donations have been linked to Musk, his employees, or his businesses. The foundation has also failed to meet the minimum required donations, potentially leading to financial penalties.