What are the economic implications of government contracts awarded to billionaires like Elon Musk?

According to Congresswoman Crockett, these contracts primarily benefit billionaires at taxpayers' expense. She points out that Elon Musk recently received almost a billion dollars in government contracts - $400 million for Tesla and over $300 million for SpaceX in just two weeks. Rather than saving money for Americans, these deals primarily line the pockets of billionaires while essential services like Medicare, rural healthcare, and farmers' support programs face cuts. Crockett emphasizes that this represents a money grab benefiting the wealthy while ordinary citizens suffer from reduced social services and infrastructure investment.