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.

The initiative announced by President Donald Trump will aim to "secure American leadership in AI" while also creating jobs and economic benefit.

Elon Musk could occupy space in the Eisenhower Executive Office Building next to the West Wing to head up the newly created Department of Government Efficiency, known as DOGE.

On President Trump’s first day in office, Elon Musk already has a coveted White House email address. A source tells The Hill that Musk, the billionaire who will head up the Department

Elon Musk has been given an office in the White House complex for his department of government efficiency (Doge) in the latest sign of his closeness to Donald Trump. The SpaceX founder has reportedly been assigned space in the Eisenhower Executive Office Building, which is next to the main White House, the New York Times has claimed.

Billionaire pushes ahead with plans to infiltrate all parts of Trump’s administration after axing of his co-leader at DOGE

The new Trump administration is confirming that Vivek Ramaswamy won’t stay with the Department of Government Efficiency at the start of President Trump’s second term, noting that he “intends to run for elected office soon,

The space that Musk is projected to use is the Eisenhower Executive Office Building, adjacent to the White House.

Its demise would be an early indication of SpaceX’s influence over space policy under Mr Trump. Read more at straitstimes.com.

The source pointed out that MGX has $100b in capital commitments, Oracle has $11b in cash on its balance sheet and OpenAI recently announced it has more than $10b from its recent round of venture capital.