Amtrak, after investing more than $4 billion in a year to improve its creaky infrastructure and aging fleet, said it expected to make a profit for the first time under President Trump.

During a remote appearance at a Morgan Stanley tech conference, he said the government should "privatize everything we possibly can."

Speaking at a Morgan Stanley conference, Musk said the state of passenger rail in the US is "embarrassing."

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

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.’

Elon Musk said he believes that the U.S. should “privatize anything that can be privatized," including Amtrak and the Postal Service.

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

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?

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.

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.