"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.

Elon Musk said SpaceX will begin decommissioning its Dragon spacecraft "immediately" because of threats by President Donald Trump to cancel government contracts with Musk's businesses. Musk's announcement on his social media site X escalated a war of words with Trump that began after the Tesla CEO criticized the major tax bill being pushed by the Republican president.

The broken alliance between the president and the world's richest man could threaten Musk's lucrative pending – and future – federal subsidies.