The chief information officers of at least three major government agencies have been replaced by Silicon Valley executives, including from Palantir and Elon Musk's SpaceX.

Palantir’s revenue leapt 36 per cent from a year earlier to a forecast-beating $828mn in the fourth quarter, helped by a 45 per cent jump in US government revenue. Net income fell to $79mn, weighed down by $132mn in stock-based compensation expenses.

Compare that with the same period last year under Joe Biden: federal spending back then came to about $26bn a day. Outflows from the Treasury have actually risen since January 28th, when Mr Musk first claimed his “Department of Government Efficiency”,

President Trump has empowered Elon Musk, the richest man in the world, to gut the federal bureaucracy. Here's 5 ways he's starting to carry it out.

President Donald Trump and his adviser Elon Musk held a joint press conference in the Oval Office Tuesday, talking about progress over budget cuts. Trump outlined his intentions to weed out government “corruption” before swiftly pivoting to let the press ask Musk questions.

Tesla is backed into an uneasy spot as CEO Elon Musk juggles his core roles at the electric vehicle-making company and his expanding portfolio of government responsibilities at the Department of Government Efficiency (D.