Elon Musk was itching to get to work at his new US government department dedicated to slashing red tape and bureaucratic spending. As Donald Trump became president, Musk’s axe had already fallen on his first victim: Vivek Ramaswamy,

The location suggests that Mr. Musk, who owns companies with billions of dollars in contracts with the federal government, will continue to have remarkable access to President-elect Donald J. Trump.

Stargate is supposed to spend $500 billion on AI infrastructure, President Trump said. But Elon Musk suggested that the venture had much less cash.