Musk currently sits at the helm of the self-styled Department of Government Efficiency, where he’s using a team of young engineers to reshape the government. Vittoria Elliott, the platforms and power reporter for Wired, broke this story and joined the Texas Standard with the details.

Palantir’s revenue leapt 36 per cent from a year earlier to a forecast-beating $828mn in the fourth quarter, helped by a 45 per cent jump in US government revenue. Net income fell to $79mn, weighed down by $132mn in stock-based compensation expenses.

President Trump's directive to Elon Musk to lead a budget-slashing initiative within the Pentagon highlights Musk's growing role in shrinking federal bureaucracy. Musk's team, operating in at least 17 federal agencies,