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trump controls the justice department in the executive, and GOP has firm control over the Judicial branch at the Supreme Court. Musk hasn't made friends of the GOP Washington power brokers. So trump could vindictively railroad musk through whatever remains of the justice system, and there would be no one that would stand and fight for Musk (except maybe Putin).
It might descend into one of those bizzaro world scenarios where "free market" Republicans call for and get the nationalization of SpaceX as a strategic asset (with its tight control of US military launch capabilities and Starlink network). Lefties would be uncomfortably cheering on the GOP for "seizing the means of production" in the form of Musk's companies.
As a lefty, no I wouldn't. If our government is a dictatorship, then this would hardly be an example of seizing the means of production, just a change of hands from one unelected dictator to another.
Still, funny mental image.