Trump Threatens Scrutiny as Musk Criticizes Spending Bil

In an ironic turn of events, President Trump has just called DOGE (The Department of Government Efficiency) to slash all of its funding to Musk's businesses to cut costs.

This comes after Trump wrote on his Truth Social account, claiming that Elon Musk success was due to the has financial support the government has given him.

Trump wrote

"No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE> Perhaps we should have DOGE take a good, Hard, look at this? BIG MONEY TO BE SAVED!!!"

In response, Musk fired back on X, declaring that he is able to survive without the reliance on federal support.

"I literally say CUT IT ALL. Now"

This comes after Musk called Trump "One Big, Beautiful Bill" a disguiting abomination, claiming the bill will add $5 trillion to the country's national debt.

Musk later even threatened to form a new America Party if the bill passes, arguing that the country needs an alternative to the "Democrat-Republican uniparty."

xAI Raises $10 Billion to Fuel AI Ambitions

It also seems that Musk won't need the help of the government after its recent fundraising, which the company has managed to secure $10 billion in fresh capital.

The latest capital injection—split evenly between $5 billion in secured debt and $5 billion in strategic equity investments—will power xAI’s rapid expansion, including the development of its flagship Grok chatbot and the construction of one of the world’s largest supercomputers at its Memphis-based Colossus facility.

The funding round, led by major global investors and coordinated by Morgan Stanley, was reportedly oversubscribed, reflecting strong market confidence in Musk’s AI vision.

Musk's AI comes amidst fierce competition in the American AI landscape, with many of Musk's rivals already racing ahead.

For example, OpenAI has already closed a $40 bilion raise earlier this year at a staggering $300 billion valuation, while Anthropoic secured fresh backing that pushed its value beyong $60 billion.

In March, Musk sold his social media platform X to his AI company xAI, effectively integrating Grok into the platform.

The deal valued at $80 billion and X at $33 billion deducted $12 billion of debt from the $45 billion valuation. Musk originally bought X for about $44 billion in April 2022.

xAI’s Next Steps

With $10 billion in fresh capital, xAI is poised to accelerate its AI infrastructure buildout and product innovation, further intensifying competition with established players.

As Musk’s business and political battles continue to make headlines, xAI’s next moves—and the ongoing feud with Washington—will be closely watched by both the tech industry and investors worldwide.