President Donald Trump's new administration is likely to do away with the White House's National Space Council, a cabinet policy panel that lobbyists at Elon Musk's SpaceX have been pushing to axe, according to three people familiar with the plans.

President Donald Trump set a bold new goal in his inauguration speech. He wants to go to Mars—and space stocks Rocket Lab USA, Intuitive Machines, Redwire to the moon. Details are thin, but the aspiration should benefit Elon Musk’s SpaceX and a bevy of publicly traded commercial space stocks.

President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

A lawsuit was due to be filed minutes after Donald Trump was sworn in Monday, questioning DOGE's compliance with federal transparency laws.

Wedbush Securities analyst Dan Ives predicts that Musk’s revenues from the government are poised to skyrocket under the new administration, calling it “golden era” for him and his companies with Trump in the White House.

SpaceX is preparing for the seventh flight test of the Starship vehicle on Monday afternoon from Starbase in Boca Chica near Brownsville, Texas.

A SpaceX Starship rocket broke up in space minutes after launching from Texas on Thursday, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris and setting back Elon Musk's flagship rocket program.

The world saw Donald Trump take the oath of office for his second non-consecutive term as President of the United States on Monday. The ceremony, held in the Rotunda of the U.S. Capitol, drew an eclectic crowd of tech moguls, foreign diplomats, and business leaders.

Administration insiders suggest the president may get rid of the White House advisory body, which SpaceX's top lobbyist calls 'a waste of time.'

According to a Reuters report, President Donald Trump’s administration is preparing to abolish the National Space Council, a key policy body for coordinating the United States’ space agenda, citing inefficiency and lack of utility.

Trump's return to power, coupled with Musk's influence, is expected to transform not only the White House but also Nasa.