Donald Trump has been urged to nationalise Elon Musk's SpaceX after the pair had a huge fallout last night.

The pair had been lobbing verbal insults at each other on their respective social media platforms, Trump's Truth Social and Musk's X.

Things culminated when former Trump advisor Steve Bannon called on the President to seize control of SpaceX.

In response, Musk threatened he would start "decommissioning" his company's Dragon spacecraft in response, something which is is vital for ferrying Nasa astronauts to and from the International Space Station.

Musk and Trump clashed on their respective social media platforms

Tensions had been simmering throughout the week, when Musk denounced Trump's sweeping tax-cut and spending bill, calling it a "disgusting abomination."

Musk had ramped up attempts to kill the bill, saying it would add too much to the nation's $36.2 trillion in debt.

Trump broke his silence late on Thursday, telling reporters he was "very disappointed" in Musk, adding: "Look, Elon and I had a great relationship. I don't know if we will anymore."

Almost simultaneously, Musk responded in real time on X saying: "Without me, Trump would have lost the election."

He also suggested that Trump's signature tariffs would push the US into a national recession later this year. Things came to a head when Musk accused Trump of appearing in files relating to the disgraced paedophile Jeffrey Epstein.

Musk had been a prominent supporter of Trump