Elon Musk and Vivek Ramaswamy have been appointed by Trump to lead the newly established Department of Government Efficiency (DOGE), aiming to implement reforms in regulatory rescissions, administrative reductions, and cost savings. Musk intends to cut $2 trillion from the federal budget, proposing to consolidate the over 400 federal agencies. Many of these agencies regulate Musk’s businesses, including SpaceX, Tesla, X, and xAI. The initiative illustrates a strategic move to streamline government processes, while potentially benefiting Musk’s corporate interests.
