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.

President Donald Trump is poised to dissolve the White House's National Space Council after being heavily lobbied by SpaceX, Reuters reports — which ultimately sounds like a roundabout way of saying Elon Musk wants it gone,

President Donald Trump set a bold new goal in his inauguration speech. He wants to go to Mars—and space stocks Rocket Lab USA, Intuitive Machines, Redwire to the moon. Details are thin, but the aspiration should benefit Elon Musk’s SpaceX and a bevy of publicly traded commercial space stocks.