An Indian-based space surveillance and intelligence company said Monday it will establish a Colorado Springs satellite assembly facility and hire 61 people who will work with the state's aerospace and defense industries.

Elon Musk's latest venture isn't a new electric car or a space mission—it's a full-scale shakeup of the U.S. government. As head of the newly created Department of Government Efficiency, Musk has been slashing federal spending in ways that have never been attempted before.