President Donald Trump's new administration is likely to do away with the White House's National Space Council, a cabinet policy panel that lobbyists at Elon Musk's SpaceX have been pushing to axe, according to three people familiar with the plans.

While Jeff Bezos has spent $14 billion to achieve his first space launch, his billionaire rival has built a thriving business, mostly with other people’s money.

Donald Trump will be sworn in as the 47th U.S. President on January 20, 2025 one of many ceremonies that make up Inauguration Weekend.

Wedbush Securities analyst Dan Ives predicts that Musk’s revenues from the government are poised to skyrocket under the new administration, calling it “golden era” for him and his companies with Trump in the White House.

Trump's inauguration drew several business and tech CEOs, including Jeff Bezos, Mark Zuckerberg, Elon Musk, Tim Cook, and TikTok's Shou Zi Chew.

"The United States will once again consider itself a growing ... launching American astronauts to plant the stars and stripes on the planet Mars," President Trump said. Elon Musk, CEO of SpaceX and newly installed leader of the Department of Government ...

President of the United States. The Republican claims that "God" saved his life in last year's attack to "make America great again" and announces the beginning of a "golden era," ushering in "the revolution of common sense".

Donald Trump's second administration features highly wealthy individuals in key cabinet roles, including Elon Musk leading the Department of Government Efficiency. Other appointees are Doug Burgum for Interior,

"Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts," Trump says.

On January 20, Donald Trump was sworn in as the 47th President of the United States in an indoor ceremony at the US Capitol Rotunda in Washington DC. People attend the presidential inauguration of Donald Trump in the Rotunda of the US Capitol in Washington on January 20. — Reuters

WASHINGTON — President Donald Trump delivered an inaugural speech Monday that his supporters and anyone who has listened to his exhortations at his rallies would recognize: Attacks on his opponents, praise for his own plans, some humor and a few surprises.

Experts told Newsweek about the difficulties of reaching Mars as the United States faces complex challenges in space policy.