Facebook Pixel When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same. | Fortune US - business - Read this story on Magzter.com
Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same.

Fortune US

|

February - March 2025

IT WAS THE FALL OF 2022 when employees at Elon Musk's Boring Company began to notice Steve Davis wasn't around.

- JESSICA MATHEWS

When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same.

COST-CUTTERS

Steve Davis (left) with DOGE co-heads Elon Musk (center) and Vivek Ramaswamy.

Davis, the president of the tunnel-digging startup, had stopped showing up at the R&D facility in Bastrop, Texas, and at the project sites in Las Vegas he was known to frequent. It's not as if you could miss him when he was around: Davis was a hard-driving and seemingly tireless boss.

But Davis had temporarily shifted gears to another Musk passion project. After Musk closed the deal to buy Twitter for $44 billion, Davis made his way to San Francisco. There, he was seen pacing the halls of the 10th floor of the company's headquarters—peppering people over the phone with questions about what parts of the organization he could cut, with seemingly little regard to who might overhear him.

Davis—Musk's 22nd hire at SpaceX—has earned a reputation as a tenacious cost-cutter and as one of the few confidants Musk relies on to get something done. People who have worked closely with Davis say they think he'd be able to carry out any task Musk gave him—no matter how unrealistic it might seem, and regardless of whose jobs might be erased.

So in the run-up to President Trump's inauguration, it was no surprise when Davis's name popped up in stories by Bloomberg and the New York Times as a key player in Musk's new preoccupation: the Department of Government Efficiency, or DOGE, the cost-cutting endeavor that Trump asked Musk to co-lead with venture capitalist Vivek Ramaswamy.

DOGE is mostly an advisory body; it can't make big changes without help from Congress. (See our accompanying story.) But Musk's stated plans for the department are as lofty as the ones he publicizes for his space travel and satellite company SpaceX or electric-vehicle juggernaut Tesla. In this case: to cut $2 trillion in government spending—about 30% of the federal budget—in a few years' time.

MORE STORIES FROM Fortune US

Fortune US

COMPANIES ARE INUNDATING CUSTOMERS WITH SURVEYS-AND GETTING WORSE RESULTS

ONE WEEK LAST AUTUMN, I hit my customer feedback limit. I had seen my doctor and done some online shopping.

time to read

5 mins

February - March 2026

Fortune US

Fortune US

IT'S TIME TO TAKE TETHER SERIOUSLY

THE LEADER IN CRYPTO STABLECOINS HAS $15 BILLION IN THE BANK, U.S. EXPANSION PLANS—AND A CEO WITH A DARK VISION OF THE FUTURE.

time to read

15 mins

February - March 2026

Fortune US

Fortune US

THE BERKSHIRE HATHAWAY OF HOTELS: HOW A NUMBERS GUY MADE HYATT A LUXURY GIANT BY MATT HEIMER

WITH ITS V-SHAPED BASE and sloping windows that cantilever outward over the Chicago River, the 54-story skyscraper that houses Hyatt Hotels' headquarters is a “statement” building that awes tourists and architecture buffs alike.

time to read

4 mins

February - March 2026

Fortune US

Fortune US

GOOGLE'S AI PIONEER AND HIS DRUG-DESIGN MOONSHOT

DEEPMIND COFOUNDER DEMIS HASSABIS HAS ALREADY WON A NOBEL PRIZE AND A KNIGHTHOOD FOR HIS INSIGHTS INTO HUMAN BIOLOGY. HIS AI STARTUP ISOMORPHIC LABS COULD DELIVER EVEN BIGGER BREAKTHROUGHS.

time to read

10 mins

February - March 2026

Fortune US

INSIDE TODAY'S AI DATA CENTERS

THE DATA CENTER is getting a makeover. The nondescript industrial buildings once hummed away largely behind the scenes, powering the various facets of our online lives.

time to read

2 mins

February - March 2026

Fortune US

Fortune US

HOW NETFLIX SWALLOWED HOLLYWOOD

IT'S A STORY SO GOOD it could have been a screenplay. In 2000, Reed Hastings and Marc Randolph sat down across from John Antioco, then CEO of video rental giant Blockbuster, and pitched him on acquiring their still unprofitable DVD-by-mail startup, Netflix, which at the time had around 300,000 subscribers.

time to read

5 mins

February - March 2026

Fortune US

Fortune US

THE AI DATA CENTER BOOM PITS RURAL AMERICA AGAINST SILICON VALLEY BILLIONS

FACING A PROPOSAL FOR A MASSIVE FACILITY IN THE ARIZONA DESERT, LOCALS FIND THEMSELVES IN A BATTLE THEY NEVER WANTED-OVER ENERGY, WATER, LAND, AND WHO GETS TO DECIDE HOW THE AI ERA TAKES SHAPE.

time to read

12 mins

February - March 2026

Fortune US

INVEST LEARNING TO LOVE BONDS

MANY INVESTORS regard bonds as the frumpier cousins to stocks. Their prices rarely pop or plummet. They usually deliver a lower return, and—aside from a glamorous cameo in the 1980s thriller Die Hard— they are not part of popular culture in the same way as, say, GameStop or Tesla shares. They are, though, a critical part of any well-managed portfolio, and with the stock market looking particularly frothy, this may be more true than ever.

time to read

3 mins

February - March 2026

Fortune US

Fortune US

Where Senior Care Comes First

What began as one family's health crisis has grown into Alignment Healthcare, a company serving hundreds of thousands of seniors with innovative solutions.

time to read

1 mins

February - March 2026

Fortune US

Fortune US

HOW VICTORIA'S SECRET GOT ITS SEXY BACK

DETERMINED NOT TO REPEAT THE BRAND'S PAST MISTAKES, CEO HILLARY SUPER IS SHEDDING THE BODY-SHAMING AND THE PERFORMATIVE BOX-CHECKING—BUT NOT THE WINGS, GLAMOUR, AND GLITTER.

time to read

11 mins

February - March 2026

Listen

Translate

Share

-
+

Change font size