Where Trump-Musk bromance goes from here, with Semafor’s Ben Smith

It was an extraordinary public fight between two billionaires—President Donald Trump, the world’s most powerful man, and Elon Musk, the world’s richest. On a special bonus episode of the GZERO World Podcast, Ian Bremmer sits down with Semafor co-founder and editor-in-chief Ben Smith to talk about Trump and Musk’s messy breakup, what led to the explosive public fallout, and whether there’s any chance of reconciliation.

Though their feud appears to be cooling down, there’s still a lot at stake for both men: namely, Musk’s political funding for the GOP ahead of the 2026 midterms and billions in government contracts and subsidies for his companies, which Trump has threatened to cancel. In the battle between politicians and tech oligarchs, who holds more power? Will President Trump’s ability to punish his enemies in consequential ways have long-term consequences for Musk? And how does a fight like this change the nature of political journalism when everything is happening in real time in full view of the public? Smith and Bremmer break down the end of the bromance that has defined President Trump’s second term and where the administration’s relationship with Silicon Valley goes from here.