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Build-up to a blow-up: Inside the Trump-Musk meltdown

  • On June 5, 2025, the previously cooperative relationship between the former U.S. President and the tech billionaire collapsed publicly amid intense exchanges and threats to terminate government contracts.
  • The break-up followed Musk's harsh condemnation of Trump's tax-and-spending proposal, dubbed the 'Big Beautiful Bill,' which could increase the federal deficit by $2.4 trillion.
  • Musk's businesses, primarily SpaceX, had received $38 billion in government contracts, including $6.3 billion in 2024, fueling tensions after Trump threatened to cancel those agreements.
  • On June 5, Musk stated on X that 'without me, Trump would have lost the election,' while Trump called Musk 'unhinged' and said he asked him to leave his government role.
  • This fallout may influence the 2024 elections as Musk could leverage his Republican connections and financial power to oppose lawmakers supporting Trump's agenda.
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Newsweek broke the news in United States on Thursday, June 5, 2025.
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