As Elon Musk’s public feud with President Donald Trump continues to unfold, a handful of stocks are emerging as possible beneficiaries if the billionaire CEO’s various companies suffer from the stunning blow-up. The high-profile crash between the world’s richest man and the president of the U.S. has raised concerns about the effect on Musk’s businesses, including the potential loss of tax credits and government contracts. In addition to leading the electric vehicle maker Tesla , Musk’s businesses include the space exploration and satellite communication company SpaceX , artificial intelligence company xAI , tunnel digger the Boring Company , tech firm Neuralink and the social media site X. Cantor Fitzgerald analyst Andres Sheppard sees Rocket Lab benefiting from the Trump-Musk fight, saying the conflict could enhance its competitive positioning relative to SpaceX. “We see Rocket Lab’s track record of successful space launches (65 to date), the portfolio of three different rocket types (small, hypersonic and medium launch), and the dedicated launchpads in New Zealand and the U.S., as significant moats,” Cantor said in a 10-page report out Tuesday. “Overall, we see RKLB as an end-to-end space company that is best-positioned in the industry, and as a direct beneficiary of the recent President Trump and Elon Musk Feud.” Musk’s fallout with Trump could also hurt Starlink, the satellite internet company that provides high-speed broadband access and is a unit of SpaceX. While Trump recently said he has no plans to discontinue using Starlink, there are other ways the government can harm SpaceX, aside from eliminating NASA/military contracts, according to Oppenheimer analyst Timothy Horan. “The FCC can limit the number of satellites Starlink can operate, reduce subsidies for broadband, or make access to spectrum for direct-to-device (D2D) even more challenging,” Horan said in a report Monday. Additionally, Musk’s chances of getting reallocated spectrum for free have clearly plummeted, Horan said. This could benefit several satellite companies, including AST SpaceMobile , Iridium Communications , EchoStar Corp. and Globalstar , according to the Oppenheimer analyst.
