'Defund Musk': Former Clinton Cabinet official urges Democrats to target SpaceX founder

Former Clinton Labor Secretary Robert Reich called on Democrats to target billionaire Elon Musk if they regain control of Congress in the midterm elections, urging lawmakers to investigate the SpaceX founder and lay the groundwork for nationalizing his companies. During an Oct. 24 episode of his podcast, "The Coffee Klatch with Robert Reich," the former labor secretary argued that Musk holds too much political and economic power and called for Democrats to take aggressive action against the billionaire."When I say defund Musk, you know, 75% of his wealth is dependent on taxpayers who are buying Starlink systems for the Department of Defense," he said. ELON MUSK SAYS HE WILL RETALIATE AGAINST DEMOCRATS WHO INVESTIGATE HIM Former Labor Secretary Robert Reich called for Democrats to target Elon Musk and consider nationalizing SpaceX and Starlink during an episode of his podcast. (TheStewartofNY/GC Images / Getty Images)Reich did not provide evidence supporting his assertion that 75% of Musk's wealth depends on taxpayers. SpaceX has secured billions of dollars in federal contracts, including agreements with NASA and the Pentagon.The former labor secretary also urged Democrats to prepare for a government takeover of SpaceX and its satellite internet business, Starlink, if the party wins back the White House."If we have a Democratic administration — and the Democrats ought to be starting this not just with oversight hearings, but also starting laying the groundwork for nationalizing Starlink and SpaceX," he continued. "It should be a public corporation. We should not ever have that kind of power in one person's hands."Musk fired back at Reich on X on Oct. 25, responding to a video of the former labor secretary's remarks shared by conservative commentator Collin Rugg.TRUMP PRAISES ELON MUSK AS A 'GENIUS' WHILE DEFENDING HIM AGAINST POTENTIAL DEMOCRATIC PROBES Elon Musk said Tuesday that a potential merger between Tesla and SpaceX would be "a good idea," revealing that both companies have formed special committees to explore a possible deal. (REUTERS/Gonzalo Fuentes / Reuters)"Stealing companies is a serious crime. Prison for Reich," he wrote.Reich also predicted that Musk would face increased congressional scrutiny if Democrats win control of the House and potentially the Senate."He knows that if the Democrats take over the House and possibly the Senate, one of the things they are going to be doing is focusing on Elon Musk. I mean, he's really going to be targeted, and he knows it, and he's going to be using his 360 million followers or 260 million followers on X to give him a buttress against that."Ticker Security Last Change Change % SPCX NO DATA AVAILABLE - - - GET FOX BUSINESS ON THE GO BY CLICKING HEREReich's remarks come as Democrats seek to regain control of Congress in the November midterm elections, potentially giving the party greater authority to investigate Musk's business dealings with the federal government.While Reich called for Democrats to begin laying the groundwork for nationalizing SpaceX and Starlink, he acknowledged that such a move would depend on the party returning to the White House.