Elon Musk has a message for anyone thinking about coming after him: he's not just going to swat at the puppets. He wants the puppeteer.
The Space Exploration Technologies Corp. (SPCX) CEO took to X on Wednesday with a warning that landed somewhere between a proverb and a threat. 'Live by the sword, die by the sword,' Musk posted. He added that those who pick fights with him should understand he will find out 'who is really pulling the strings' and 'come for them, not just their puppets.'
What set him off? A Politico report saying Democrats have long wanted to investigate Musk and may finally get the chance if they win back Congress in November.
Democrats Eye Probes Over Starlink Slowdown
At the top of the list is Musk's possible role in throttling Starlink access for Ukraine's military last week. Sen. Adam Schiff (D-Calif.) has called for a full Senate investigation and wants Musk to testify under oath. Schiff pointed to the conflicting accounts: Trump has denied ordering any restrictions, while Musk has said the military and the president decide them. Somebody, in other words, is not telling the whole story, and Schiff would like to find out who.
That's not the only item on the Democratic wish list. According to Politico, lawmakers also want to examine Musk's role in cutting more than 250,000 federal jobs at DOGE, withholding congressionally appropriated money, and accessing sensitive government data.
The political math matters here. Polymarket traders give Democrats a 92% chance of winning the House and a 67% chance of taking the Senate in the Nov. 3 midterms. Those are not odds that make for a relaxing weekend at the Musk compound.
Targets on Musk's Net Worth
Democrats have also set their sights on Musk's fortune. Sen. Bernie Sanders (I-Vt.) accused him of spending $366 million to keep Republicans in control of Congress, urged a push to 'STOP OLIGARCHY,' and backed California's proposed one-time 5% billionaire tax ahead of a Nov. 3 decision.
Rep. Maxine Dexter, meanwhile, wants to shut down the practice of billionaires and trillionaires, Musk among them, using government contracts to subsidize their own companies. It's a familiar critique: the government writes a check, and somehow the check ends up back at the company that wrote the proposal.
Price Action: Shares of SpaceX closed 7.79% higher on Wednesday at $159.31 and lost 1.64% in extended trading to $156.70.
Market data rankings indicate SpaceX's stock has a positive price trend in the short, medium, and long term. So the market, at least, doesn't seem too worried about the sword.