President Donald Trump's threat to cancel Elon Musk's government contracts would have far-reaching implications, experts said.

Steve Bannon, a former adviser to President Trump and a vocal critic of Elon Musk, urged Trump to retaliate against the SpaceX leader by targeting his business. Bannon said on his “War Room Live” show

The president could tighten federal oversight of the tech titan’s businesses, even if heavy reliance by the Pentagon and NASA on them makes terminating Mr. Musk’s contracts less feasible.