President Donald Trump on Thursday threatened to cut Elon Musk's government contracts through Tesla amid his departure from his role cutting government spending and opposition to Trump's sweeping legislative agenda bill.

The billionaire’s feud with the president over the nation’s debt is jeopardizing lucrative deals for SpaceX and other Musk companies.

As Elon Musk and President Donald Trump traded jabs on their rival social media platforms, their feud has escalated beyond a public spat, threatening billions of dollars in federal contracts and throwing the future of America's space program into question.