Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.

SpaceX is on a trajectory to remain the most dominant player in space launches for years to come as it makes strides with its heavy-duty Starship rocket program.

President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom.

Elon Musk is backing Donald Trump’s transition co-chair Howard Lutnick to lead the Treasury Department, touting the billionaire CEO of Cantor Fitzgerald as a potential secretary who “will actually enact change” from the most powerful economic post in Trump’s cabinet.

Musk’s moves since the election suggest the Tesla CEO will be heavily involved in the Trump administration’s ‘revolution,’ as he calls it.

The department wouldn't be a department at all, but an outside group that can likely only make suggestions — unless Trump tries to axe current laws.