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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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PoliticsElon Musk

Elon Musk now says he ‘expected’ to lose ‘important for the future of civilization’ Wisconsin election where he spent over $20 million

By
Chris Megerian
Chris Megerian
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The Associated Press
The Associated Press
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By
Chris Megerian
Chris Megerian
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The Associated Press
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April 4, 2025, 4:49 AM ET
Elon Musk speaks at a town hall on March 30, 2025, in Green Bay, Wis.
Elon Musk speaks at a town hall on March 30, 2025, in Green Bay, Wis. Jeffrey Phelps—AP

President Donald Trump said Thursday that Elon Musk would likely leave his administration in “a few months,” the clearest sign that his most powerful and disruptive adviser will be wrapping up his work inside the government.

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Trump told reporters aboard Air Force One that “Elon is fantastic” but he has “a number of companies to run.”

“I want him to stay as long as possible,” he said. “There’s going to be a point where he’s going to have to leave.”

Musk has spearheaded the Department of Government Efficiency, which is playing a leading role in downsizing and overhauling the federal government. Trump said that work would continue within various agencies.

The Republican president’s comments came after a steady drumbeat of suggestions over the last week that Musk’s time was limited. Musk also faced a setback Tuesday in Wisconsin, where voters rejected his choice for a state Supreme Court candidate despite more than $21 million in personal donations and his campaign appearance over the weekend. There are more problems for the billionaire entrepreneur at Tesla, his electric automaker, which saw a 13% drop in sales in the first three months of the year.

The White House has not disclosed any timeline for closing down DOGE, and the government cost-cutting organization was never supposed to become a permanent fixture in Washington. But it could be reaching a conclusion faster than anticipated. DOGE was originally intended to operate until July 4, 2026.

Now there are signs that it already is winding down. DOGE employees have been shifted to various federal agencies, which are supposed to take the lead on cutting costs. Government-wide layoffs are underway to accomplish some of the goals laid out by Musk and Trump.

“We think probably over the next two or three months, we’ll be pretty much satisfied with the people that are working hard and want to be members of the administration,” Trump said last week.

The potential end of DOGE does not mean Trump will stop shaking up Washington. But it appears the administration’s efforts will be entering a new phase that is less focused on Musk, whose chain saw-wielding work as a presidential adviser made him a political lightning rod.

DOGE was initially envisioned as an independent advisory panel, with Musk sharing leadership with Vivek Ramaswamy, a biotech entrepreneur. Ramaswamy dropped out and is running for Ohio governor, and DOGE became part of the government. It was stocked with Musk’s allies, who were dispatched throughout the bureaucracy to cancel contracts, access sensitive data and push for cuts.

Musk presumably has a ticking clock on his tenure. He was hired as a special government employee, which means he can only work 130 days in a 365-day time period.

“I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that time frame,” Musk told Bret Baier of Fox News on March 27. So far DOGE is well short of that target, according to its own calculations, which have been criticized as inflated and inaccurate.

Musk did not commit to leaving the administration by any particular date, and it is unclear how the administration is tracking Musk’s time. On May 30, it will be 130 days since Trump’s inauguration on Jan. 20.

Trump told reporters on Monday in the Oval Office that “I’d keep him as long as I could keep him” and “he’s a very talented guy.”

The Republican president was known for explosive breakups with top advisers during his first term, but anyone hoping for such a split with Musk has been disappointed.

“I want Elon to stay as long as possible,” Trump said Thursday. “Number one, I like him, number two, he’s doing a great job. Number three, he is a patriot, that’s why he’s doing this.”

Once Musk leaves, Trump said “the secretaries will take totally over,” meaning the Senate-confirmed leaders of various agencies, but “DOGE will stay active”

That was a somewhat different message than Trump had on Monday. At that point, he said Cabinet officials have worked closely with Musk and may keep some of the DOGE people at their agencies.

“But at a certain point I think it will end,” Trump said.

Musk’s poll numbers lag behind Trump’s, which Democrats believe they were able to use to their advantage in Wisconsin.

Susan Crawford defeated Brad Schimel, who Musk supported, and ensured the state Supreme Court’s liberal majority.

In the closing days of that campaign, Musk described the race as “important for the future of civilization.” He struck a different tone afterward.

“I expected to lose, but there is value to losing a piece for a positional gain,” Musk wrote on X at 3:13 a.m.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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