Overview

• Steve Bannon called on a special counsel to investigate Elon Musk’s past drug use and his handling of federal contracts.
• He argued that SpaceX, which earns about 90% of its revenue from government contracts, should be nationalized since it operates essentially as a government entity.
• Bannon warned that Starlink’s recent installation at the White House could grant Musk undue influence over administration operations.
• After Musk criticized the “One Big Beautiful Bill Act,” President Trump threatened to revoke Musk’s federal government contracts.
• The intensifying feud has exposed deep divisions within Trump’s coalition between Bannon’s nationalist wing and Musk’s allies in the administration.