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Futurism

Elon Musk's Efforts to Cut Spending in the Government Were So Incompetent That It's Shocking, Internal Analysis Finds Jeff Bezos Harshly Criticized for $200 Million Pledge to Protect the World's Most Endangered Species Grokipedia Appears to Have Completely Broken and Nobody Noticed SpaceX Now Faces a Terrible Peril Elon Musk Allegedly Stiffing Contractors on Huge Bills Columbia Economist Baffled as to Why the Masses Aren't Rising Up Against Elon Musk Amazon Is Gutting Its AI Division After Sustained Failure Elon Musk Launches New Service Where You Can Send Him All Your Money and Hope for the Best Elon Musk Is Having One of His All-Time Meltdowns SpaceX Stock Hammered After Starship Booster Fails in First Launch Since IPO The AI Industry Has Acted So Badly That It's Now Dealing With a Huge Wave of Hatred The Type of Orbital Data Centers That Billionaires Want to Launch Into Space Would Wreak Ecological Catastrophe, Scientists Warn SpaceX Investors in Meltdown Over All the Money They've Lost Tesla Stock in Freefall After Disastrous Earnings Report SpaceX Stock Hits All-Time Low Elon Musk Says Grok Will Generate Its Own Feature-Length Version of "The Odyssey" for People Allergic to Progressive Ideas Short Sellers Are Going Hog Wild Against SpaceX as Its Stock Craters AI-Pilled Tech CEO Convinced He Has the Perfect Solution for Online Dating, Announces Harebrained App Idea SpaceX Eager to Support the Pentagon's Lethal AI Models SpaceX Plunges to All-Time Low After Competitor Makes Major Leap Palantir Insiders Disgusted by Company's Leadership Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth "You Are a Parasite": Elon Musk Humiliated for Criticizing Zohran Mamdani Bryan Johnson Spent Tens of Millions Trying Not to Die, Gets Diagnosed With Incurable Disease Elon Musk Is Charging Starlink Customers Gigantic Bogus Fees Because Its Network Is Being Crushed by "High Demand" Trump Boasts That He Can Profit Off Presidency as Much as He Wants: "I Found Out That Nobody Cared" "Televised Nervous Breakdown": CEO of Palantir Suffers a Bit of a Meltdown During Live Interview SpaceX Investors Are Having Another Brutal Day Elon Musk Is Crashing Out Badly Elon Musk Confronted With List of People He's Killed, Including Children
Suddenly, as His Empire Crumbles, Elon Musk Admits He Mad...
Victor Tangermann · 2026-07-24 · via Futurism

A colorful photo illustration featuring Elon Musk.

Illustration by Tag Hartman-Simkins / Futurism. Source: Andrew Harnik / Getty Images; Shutterstock

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Last week, SpaceX’s enormous Starship rocket failed to ignite several of its engines, forcing the company to abort its first test launch since its IPO earlier this summer.

The scrub served as the perfect metaphor for the space company’s ongoing struggles to convince investors of CEO Elon Musk’s lofty ambitions — ambitions which have little to no chance of turning into a reality without Starship.

While the almost-trillionaire has promised that SpaceX will one day be worth “more than the rest of the Earth,” its prolonged decline on the stock market suggests otherwise. Instead of joining the AI race, SpaceX has resorted to selling compute to its competitors.

His EV maker Tesla, an early pioneer in the adoption of electric vehicles, has also been flailing. Vehicle sales have been plunging as customers are driven away by the richest man in the world’s tasteless behavior and erratic commentary. Even recent jumps in revenue were thwarted by major AI-related spending, causing Tesla’s share price to tank this week.

As a result of it all, Musk’s empire feels more like it’s coming down around him — making it a perfectly convenient moment for him to sit down with The Economist for an attempt at a clean slate. (Whether it landed we’ll leave to you to decide.)

In the interview, published Thursday, Musk lamented that he “got a little too involved in politics” and “got carried away, frankly,” by his efforts to systematically gut the government with the help of his so-called Department of Government Efficiency during the early days of the second Trump administration.

The scars DOGE leaves behind are as evident now as they’ve ever been. Instead of cutting spending, the group forced tens of thousands of government workers out of their jobs, laid waste to foreign aid — with catastrophic consequences — and leaked highly sensitive data. It has sparked waves of protests, hollowed out the Social Security Administration, and fundamentally undermined the role of science in the United States.

Perhaps worst of all to Musk, his disastrous stint as a “special employee” in Washington, DC, last year has made him staggeringly unpopular — possibly even one of the most hated men in America.

“And I got a lot of flack from this, for this obviously,” he conceded in the Economist interview.

Now that his empire is looking worse for wear, it’s no wonder Musk is looking for an opportunity to tell the public that he’s moved on from helping the Trump administration dismantle the government.

But whether he actually regrets his actions is unclear at best. During the interview, Musk showed “no sign of relinquishing the geopolitical bully pulpit,” per The Economist. He doubled down on accusing the media of wrongfully characterizing him as a racist, despite repeatedly making racist comments. He even argued that Europe’s far-right extremist leaders were simply misunderstood.

In an piece accompanying its interview, The Economist acknowledged it sees the centibillionaire’s political views as “plainly bigoted.”

Musk also promised that AI will make money irrelevant — an “age of amazing abundance,” he enthused — and that governments should simply “issue people checks.” Considering his actions at the helm of DOGE last year, it’s clear he sees little role for the government beyond that.

More on Musk and DOGE: Elon Musk Says He Is So Sorry for His Horrible Behavior