Overview

• The third-party effort, announced in July after a public clash with President Trump, is now paused, the Wall Street Journal reported citing people familiar with the plans.
• Musk has told confidants that formally launching a party would strain his relationship with Vice President J.D. Vance.
• A White House order to speed FAA approvals for commercial rocket launches could benefit SpaceX, which conducts more launches than any other U.S. provider.
• Tesla and the White House did not respond to requests for comment on Musk’s reported decision.
• In a separate development, a federal judge allowed a civil fraud and contract suit over America PAC’s $1 million‑a‑day giveaway to proceed, rejecting Musk’s bid to dismiss the case.