'Fade to black': Investor reveals why he thinks DOGE will be dead 'in the next 30 days'

12 March

Investor and entrepreneur Scott Galloway speaking to CNN's Anderson Cooper on March 12, 2025 (Image: Screengrab via CNN / YouTube)

Currently, Tesla and SpaceX CEO Elon Musk has been given carte blanche from President Donald Trump to make steep cuts to federal agencies and lay off thousands of workers. But one investor thinks that may soon change.

During a Wednesday interview with CNN host Anderson Cooper, investor Scott Galloway — a serial entrepreneur who currently teaches at New York University's Stern School of Business — shared his theory about why Musk may soon leave the public spotlight. Galloway mainly believed that Musk's Department of Government Efficiency (DOGE) would soon end due to pushback from Trump Cabinet officials and outside financial pressures.

"I think DOGE is probably going to die a quiet death in the next 30 days," Galloway said. "Because if in fact they have elevated the decision to the Cabinet members and taken the power away that they, quote-unquote said that Musk is now an advisor and the Cabinet members, secretaries get to make the final decision. They're not interested in cutting people. They have hard jobs."

Galloway went on to explain that Musk is simply "losing too much money," and that DOGE will likely "fade away" rather than die outright. The entrepreneur said that Musk's two most prominent companies have been bleeding hundreds of billions of dollars in market value in recent weeks and that the South African centibillionaire would likely leave his role in the Trump administration to preserve his remaining net worth.

"It's jumped the lab. It's not only impacting Tesla's stock — which has shed a third of its value in the last 30 days — it's now impacting his growth vehicle in the major source of his wealth moving forward, and that is SpaceX," Galloway said. "So when SpaceX goes from being the most valuable private company traded on the secondary markets to a company that's reduced in value, I think he's going to decide to kind of decide to fade to black here."

As Forbes reported this week, Tesla has lost 50% of its value since December of last year, plummeting from $480 per share to approximately $220 as of March 2025. And while SpaceX is a private company, it was recently valued at roughly $350 billion. However, finance and tech publication Sherwood News reported last month that the company is now theoretically worth around $147 billion just months after that valuation. Musk has a 42% stake in the company.

Watch the video of Galloway's comments below, or by clicking this link.

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