Investor Predicts Possible End for Musk's DOGE in 30 Days
Currently, Tesla and SpaceX CEO Elon Musk has been given extensive freedom from President Donald Trump to implement significant cuts to federal agencies and to lay off numerous workers. However, one investor believes that this situation might soon change.
In a recent interview with CNN host Anderson Cooper, investor Scott Galloway, a serial entrepreneur and professor at New York University's Stern School of Business, expressed his view on why Musk may step back from the public eye. Galloway theorized that Musk's Department of Government Efficiency (DOGE) might face an imminent conclusion due to mounting objections from Trump’s Cabinet members and external financial strains.
Galloway remarked, "I think DOGE is probably going to die a quiet death in the next 30 days." He explained that the decision-making power appears to have shifted to Cabinet members, implying that they are not inclined toward making cuts that could affect their hard jobs.
According to Galloway, Musk is facing significant financial challenges, suggesting that DOGE will likely 'fade away' instead of experiencing a dramatic end. He pointed out that Musk's leading companies, Tesla and SpaceX, have recently seen considerable losses in their market value. Because of this, Galloway speculates that the South African centibillionaire may choose to pull back from his role within the Trump administration to protect his remaining wealth.
He further detailed the impact on Musk's interests, stating, "It's jumped the lab. It's not only impacting Tesla's stock, which has shed a third of its value in the last 30 days, but it's now affecting SpaceX, which is the major source of his future wealth." In recent months, Galloway noted that SpaceX has seen a valuation drop, leading him to conclude that Musk may opt to "fade to black" and disengage from the administration.
Recent reports, such as ones from Forbes, indicate Tesla has lost about 50% of its value since December last year, falling from approximately $480 per share to around $220 in March 2025. While SpaceX is a private entity, it was recently valued at about $350 billion; however, it has been reported that this valuation may have dropped to around $147 billion in a matter of months. Musk holds a significant 42% stake in SpaceX.
Musk, DOGE, Investor