Overview

• The White House has launched a federal review of Tesla and SpaceX contracts, prompting NASA and the Pentagon to explore alternatives to SpaceX’s services.
• President Trump has warned of “grave consequences” if Musk finances Democratic candidates and signaled plans to reassess federal subsidies to his companies.
• Musk saw his net worth drop by roughly $33 billion amid the dispute and deleted social media posts accusing Trump of appearing in Epstein’s files.
• A poll on Musk’s platform X attracted about six million votes, with 80 percent backing his proposal to form “The America Party” as a third political force.
• Key Republican figures, including Steve Bannon, are calling for the suspension of Musk’s security clearance and for SpaceX to be placed under greater government control over national security concerns.