There are already some signals about which government expenses could be on the chopping block for Elon Musk's DOGE.

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government.

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said.

Since his takeover of then-Twitter in 2022, Mashable has reported that X's user base has declined, fleeing for alternatives like Bluesky, especially after the 2024 U.S. presidential election. Advertisers have been no different, with the trend of companies removing ads on X expected to continue this year.

The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul ­Atkins, and his enforcement staff that investigated the matter if ­Atkins raises these issues and looks to dismiss or impose a slap-on-the-wrist penalty.

As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.

Elon Musk’s much-publicized gaming prowess has come under intense scrutiny in recent days and he’s not taking it too well. The tech billionaire unfollowed Twitch streamer and YouTuber Zack “Asmongold” Hoyt on X (formerly known as Twitter) and proceeded to leak private DMs between the two after Hoyt joined a chorus of gaming content creators calling Musk a fraud when it came to his alleged Path of Exile 2 obsession.

Elon Musk, world's richest man, has sent an email to his employees working with X and expressed concerns about the financial health of the company. According to an internal email sent by Elon Musk to employees,

A Wall Street Journal poll indicates that Elon Musk is becoming more unpopular in the public's eyes after taking over the Department of Government Efficiency.