President Donald Trump's new administration is likely to do away with the White House's National Space Council, a cabinet policy panel that lobbyists at Elon Musk's SpaceX have been pushing to axe, according to three people familiar with the plans.

The Space Council is seeking to provide oversight of new commercial space activities, a proposal that's not sitting well with companies like SpaceX.

President Donald Trump is poised to dissolve the White House's National Space Council after being heavily lobbied by SpaceX, Reuters reports — which ultimately sounds like a roundabout way of saying Elon Musk wants it gone,

Elon Musk’s SpaceX could threaten the US Space Council’s longevity under the new Trump administration. Lobbyers and Trump's aids have reportedly been pushing to axe the group as they see it as a waste of time.