Core Viewpoint - The relationship between Silicon Valley companies and the Trump administration remains strong despite the public fallout between Trump and Elon Musk, with many tech leaders continuing to benefit from the administration's policies [1][2]. Group 1: Silicon Valley and Trump Administration Relations - On the day of the public dispute between Trump and Musk, several Silicon Valley companies made significant business moves, including the listing of stablecoin issuer Circle Internet Group, which saw its stock price surge by 200% [2]. - Many Silicon Valley executives and investors support Trump, seeking a favorable business environment rather than systemic changes proposed by Musk [2][3]. - Over the past year, numerous tech leaders have established deep connections with the White House, allowing the tech industry to express its positions on cryptocurrency, artificial intelligence, and defense, which may lead to beneficial policy changes in the coming years [2][3]. Group 2: Key Developments and Appointments - Recent months have seen notable appointments of Silicon Valley figures to key government positions, such as former Uber executive Emil Michael at the Pentagon and investor David Sacks as the chair of the President's Council of Advisors on Science and Technology [3]. - Billionaire Peter Thiel has also benefited from his ties to Washington, with his company Palantir securing contracts worth hundreds of millions from the Pentagon [3]. Group 3: Industry Sentiment and Future Outlook - Despite the public split between Trump and Musk, many Silicon Valley leaders privately anticipated this outcome and believe it will have little impact on the tech industry [3][4]. - Some tech leaders are cautious about openly supporting Musk's reform efforts, as they recognize the importance of loyalty in dealings with the Trump administration [4]. - Michael Moritz, a former board member of PayPal and investor in Musk's SpaceX, argues that Silicon Valley should distance itself from the Trump administration, suggesting that those supporting Trump have little influence on broader industry issues [4].