The market is exactly the wrong place to put something if you want a rail transportation system that meets the needs of all of America.’

Since taking office in January, President Donald Trump has slashed government spending and dismantled entire federal agencies and programs, with billionaire Elon Musk and his Department of Government Efficiency leading the charge.

Elon Musk added Amtrak to the list of government-funded services on his chopping board, saying privatization was the only way to fix the federally owned railroad.

During a remote appearance at a technology conference in San Francisco, Musk told attendees the U.S. should privatize "as much as possible."

The head of the Department of Government Efficiency suggested the move while speaking at a Morgan Stanley conference Wednesday.

Elon Musk said Wednesday that he wants to privatize the U.S. Postal Service and Amtrak, according to reports from multiple news outlets. And as the most powerful oligarch in the U.S.—a man who’s been given the chance to unilaterally dismantle whatever he likes under the guise of a pseudo-government agency called DOGE—the billionaire may get his wish soon.

We should try to privatize everything we possibly can,' the DOGE head says. Amtrak, however, says its 'business performance is strong.' Will Trump squash Biden-era funding that's working to fix it?