SpaceX CEO Elon Musk says the company plans to sue the Federal Aviation Administration for “regulatory overreach.” Find more: | CNBC

Tesla and SpaceX CEO Elon Musk was named co-head of the new Department of Government Efficiency by President-elect Donald Trump and will be tasked with finding waste in the federal budget. Musk’s companies are not only huge beneficiaries of federal contracts but also the target of many regulatory agency investigations. The world’s richest man could now be in charge of recommending budget cuts for the agencies that not only deal with his businesses but also regulate them, giving him power to make

#FirstpostAmerica: No Top US Government Secrets for Musk SpaceX CEO Elon Musk doesn’t have the highest level of security clearance needed to access details about sensitive government programmes that his company is involved in. According to a Wall Street Journal report, the payloads SpaceX launches for the US Military and spy agencies are treated as top government secrets. These secrets are only shared with select SpaceX employees who hold special security clearances and Musk is not one of them.