Elon Musk has dismissed claims that he is orchestrating a “hostile takeover” of the U.S. government following a surprise appearance at the White House alongside former President Donald Trump. The billionaire, who owns Tesla, SpaceX, and the social media platform X, addressed concerns over his influence in government affairs, particularly in light of his support for significant cost-cutting measures.

Musk’s visit to the White House sparked widespread speculation as he defended necessary fiscal reductions. Some critics argue that his advocacy for cutting government spending aligns with efforts to shift power toward private enterprises and away from federal institutions. However, Musk denied any intentions beyond economic reform, stating that his recommendations aim to promote financial stability rather than consolidate control.

During his appearance, Musk was questioned about his increasing political presence and close ties to Washington’s influential figures. His endorsement of deep cuts in public spending has drawn both support and criticism, with some viewing his approach as a necessary correction to government overspending and others warning of potential risks to public services and infrastructure.

The controversy comes when Musk’s businesses are increasingly entangled with government contracts and policies. SpaceX provides crucial services to NASA and the U.S. military, while Tesla has benefited from government incentives promoting electric vehicles. His acquisition of X (formerly Twitter) has also positioned him as a major player in media and public discourse, adding to concerns over his level of influence.

Despite rejecting the accusations of a takeover, Musk admitted to making “mistakes” in the past but insisted that his efforts are driven by a vision for efficiency rather than control. He reiterated that his focus remains on technological advancement and economic sustainability rather than political dominance.

Musk’s comments have done little to quell speculation, as debates over billionaires’ role in shaping government policy continue to intensify.