BY SRH
Warren, Whitehouse, and Waters Are in Charge of Looking Into Whether or Not Elon Musk Was Involved in Getting Rid of the National Security Law.
On March 31, 2026, Congresswoman Maxine Waters (D-CA), the Ranking Member of the House Financial Services Committee, along with U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee; and Senator Sheldon Whitehouse (D-RI), Co-Chair of the Senate Caucus on International Narcotics Control, sent a letter to Scott Bessent, Secretary of the Treasury, asking how much Elon Musk was involved in the Treasury Department’s decision to limit key requirements of the bipartisan Corporate Transparency Act (CTA).
The senators were especially worried since new reports say that Mr. Musk utilizes a network of dozens of clandestine organizations that might be the same kinds of businesses that the law’s transparency rules would apply to. (See Wall Street On Parade’s earlier story about Elon Musk’s threat to national security:
Last week the Wall Street Journal reported that Elon Musk, the CEO and largest shareholder of the private space exploration and satellite company, SpaceX, has been communicating with Russian President Vladimir Putin for two years. Putin is on a U.S. sanctions list for his invasions of Ukraine. The head of NASA, former U.S. Senator Bill Nelson, quickly asked for an investigation into the matter.
NASA has awarded billions of dollars in government contracts to SpaceX, investing alongside some dubious venture capital firms whose typical motives are to get rich quick in a hot Initial Public Offering (IPO) when the company goes public on a stock exchange.
SpaceX has also been awarded billions of dollars in government contracts from the U.S. Department of Defense, including classified contracts for spy satellites. Musk has stated publicly this month that he holds a Top Secret security clearance related to his leadership role at SpaceX.
Over $4 billion in U.S. government contracts awarded to SpaceX have been earmarked as R&D (Research and Development), raising the concern that the dozens of venture capital firms that are invested in SpaceX, may eventually get rich on the U.S. taxpayers’ money that built the company. (See graph above.)
Elon Musk, better known as the CEO of electric-vehicle maker Tesla and the richest man in the world, was profiled in two shocking Wall Street Journal articles in January and February of this year regarding his use of illegal drugs. The Wall Street Journal’s January 6, 2024 (paywall) article carried this assessment of Musk’s drug use:
“The world’s wealthiest person has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties around the world, where attendees sign nondisclosure agreements or give up their phones to enter, according to people who have witnessed his drug use and others with knowledge of it. Musk has previously smoked marijuana in public and has said he has a prescription for the psychedelic-like ketamine.”
Instead of the U.S. government publicly announcing an investigation and suspension of Musk’s Top Secret clearance until the allegations in the Wall Street Journal articles of January and February were verified, the U.S. government awarded hundreds of millions of dollars more to SpaceX.
Musk is not the only potential security risk at SpaceX. According to Emily Chang, host and executive producer of “The Circuit” on Bloomberg Originals and author of the book, Brotopia, a member of the Board of Directors of SpaceX, Steve Jurvetson, held a sex party at his home in June 2017 where drugs were openly used. (See here and here.)
The New York Post reported that Elon Musk attended that party, dressed in “spikes and chains.” According to Chang, the invitation to the party asked guests to wear “glamazon adventurer, safari chic and jungle tribal attire.”
At the time of the party, Jurvetson was a named partner of the venture capital firm, Draper Fisher Jurvetson (DFJ), an investor in SpaceX. While the explosive headlines about the party at his home led to his departure from DFJ and from the Board of Tesla, he inexplicably remained on the Board of Directors at SpaceX – a company with Top Secret contracts with the U.S. government.
According to in-depth information on the history of SpaceX, its Board of Directors and its investors available at PitchBook, Jurvetson remains on the Board of Directors of SpaceX, where he has served since 2009.
Does the U.S. government really want to send the message to American taxpayers that sex parties and illegal drug use are not disqualifiers for having access to national security secrets?
Every American, at this point, should be asking if the U.S. intelligence agencies and the U.S. Department of Justice are afraid to take on powerful billionaires and are putting the U.S. national security at risk as a result.
