Overview

• Elon Musk labeled Trump’s “Big Beautiful Bill” budget proposal an “abomination” that would add $2.4 trillion to the national debt.
• Trump accused Musk of ingratitude and warned he would cancel all government deals with SpaceX and Starlink.
• The two have exchanged personal insults, with Trump calling Musk “crazy” and Musk suggesting Trump appeared on Jeffrey Epstein’s secret list.
• Silicon Valley investors such as Michael Moritz have cautioned tech leaders to distance themselves after witnessing the breakdown of the alliance.
• Katie Miller’s planned move to Musk’s companies has pitted her against her husband Stephen, who remains a senior aide in the Trump administration.