• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Financearms, weapons, and defense

As Trump targets the Pentagon, Elon Musk is a ‘great master’ at this rare talent that could transform defense, former Navy secretary says

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
February 9, 2025, 12:55 PM ET
A U.S. Navy F-35C Lightning II fighter jet is seen on the flight deck aboard the USS Carl Vinson during its port visit in South Korea on Nov. 22, 2023.
A U.S. Navy F-35C Lightning II fighter jet is seen on the flight deck aboard the USS Carl Vinson during its port visit in South Korea on Nov. 22, 2023.Song Kyung-Seok—Pool/AFP via Getty Images
  • President Donald Trump has signaled he is about to unleash Elon Musk and his DOGE team on the Pentagon. Former Navy Secretary Richard Danzig says the Defense Department needs a transformation.

After targeting federal agencies like USAID and the General Services Administration, Elon Musk’s Department of Government Efficiency is about to take on the Pentagon, according to President Donald Trump.

Recommended Video

In a Super Bowl interview, Trump told Fox News that once DOGE digs into the Education Department, the Defense Department—which has an $850 billion budget—will be next.

“Let’s check the military,” he said in a teaser clip that aired Sunday ahead of the big game. “We’re going to find billions, hundreds of billions of dollars of fraud and abuse. And you know, the people elected me on that.”

Similarly, Trump’s National Security Adviser Mike Waltz told NBC’s Meet the Press on Sunday that “everything there seems to cost too much, take too long and deliver too little to the soldiers,” while brushing aside questions about potential conflicts of interest with Musk and the defense contracts that SpaceX has.

For decades, multiple administrations and lawmakers on both sides of the aisle have tried to reform defense spending, decrying the slow pace of acquisition and high costs while pointing to egregious examples like the infamous $14,000 toilet seat lid.

But even more than cutting costs, Musk and DOGE could improve the Pentagon by making it more efficient, according to Danzig, who served as Navy secretary under President Bill Clinton.

In a Washington Post op-ed on Thursday, he pointed to a “dismal truth” revealed by the Pentagon’s effort under the Biden administration to procure cutting-edge drones, noting that it took place outside the usual bureaucratic channels and instead via the Defense Innovation Unit.

Meanwhile, the Navy’s shipbuilding systems are stuck in the 20th century, and produced just 12 warships last year while China made 30, he added.

“The tools to change this—most notably software and artificial intelligence—lie at hand,” Danzig wrote. “Musk is the great master, not at inventing these technologies but at something equally important, and rarer: applying technology to solve old problems in new ways.”

To be sure, he acknowledged steep challenges in getting Musk’s personality, management practices, and business interests to fit with the federal government.

But Danzig highlighted his track record revolutionizing the auto industry with EV maker Tesla and the space sector with SpaceX, which has slashed launch costs with reusable boosters that can land autonomously while fielding a workforce that’s a fraction of what top contractors have.

“Our national security needs this kind of transformation,” he added.

For his part, Musk has already taken aim at the Pentagon’s top acquisition program. In a series of posts on X in November, he blasted Lockheed Martin’s F-35 and manned fighter jets overall while backing drones as the future of warfare.

Silicon Valley defense startups like Anduril are developing drones while looking to change how the Pentagon develops and buys weapons. Meanwhile, Cerberus Capital Management cofounder and co-CEO Stephen Feinberg has been nominated to be deputy defense secretary.

Wall Street sees big potential for technology, especially AI, in the DOGE era. Data-mining software company Palantir Technologies, which is known for putting its AI-powered platforms to work in the defense and intelligence sectors, in particular is seen as a beneficiary.

“The company sees the world ripe for an AI and technology revolution,” Bank of America analysts said in a note on Tuesday. “We see PLTR enabling and leading this revolution in both Commercial and Defense markets.”

Correction, Feb. 10, 2025: A previous version of this article misstated Stephen Feinberg’s title.

About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

It took over a decade, but NextDecade’s longshot bet to lead Texas LNG is finally paying off
EnergyLNG
It took over a decade, but NextDecade’s longshot bet to lead Texas LNG is finally paying off
By Jordan BlumMay 24, 2026
34 minutes ago
U.S. reaches limit of sanctions power in targeting Iran’s economy
PoliticsIran
U.S. reaches limit of sanctions power in targeting Iran’s economy
By Magdalena Del Valle and BloombergMay 23, 2026
9 hours ago
Trump’s 3,711 trades point to multiple stock-market strategies
InvestingDonald Trump
Trump’s 3,711 trades point to multiple stock-market strategies
By Justina Lee, Vivien Ngo, Elena Popina, Matthew Griffin and BloombergMay 23, 2026
9 hours ago
U.S. debt is the ‘elephant in the room’ amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn
EconomyDebt
U.S. debt is the ‘elephant in the room’ amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn
By Jason MaMay 23, 2026
12 hours ago
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices—and even Trump supporters doubt he can bring relief
EconomyInflation
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices—and even Trump supporters doubt he can bring relief
By Jason MaMay 23, 2026
15 hours ago
w
Environmentclimate change
The asphalt industry has a heat problem — and cities are running out of patience
By Aya Diab, Alexa St. John and The Associated PressMay 23, 2026
16 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 days ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
2 days ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
2 days ago
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
Investing
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
By Shawn TullyMay 23, 2026
24 hours ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.