Federal Election Commission filings and public announcements

Elon Musk's $75M to America PAC Marks Unprecedented Support, Rallies Billionaires for Trump 2024

Oct 16, 2024, 02:12 AM

Elon Musk, the world's richest man, is significantly increasing his support for Donald Trump's presidential campaign, contributing substantial funds and leveraging his influence in an unprecedented manner. Federal Election Commission filings released on October 16 indicate that Musk donated $75 million over three months to America PAC, a pro-Trump super political action committee he founded in May. These donations, made in July ($15 million), August ($30 million), and September ($30 million), position Musk as one of the top political donors in the 2024 election cycle. Reports suggest Musk is rallying other billionaires, such as Marc Andreessen and Ben Horowitz, who each donated $2.5 million, to support Trump's bid. Additionally, Musk is utilizing his social media platform X (formerly Twitter) to aid the campaign. Musk's involvement includes temporarily relocating to Pennsylvania, a key battleground state, and is described as unprecedented in modern history. Estimates of his total spending range from $140 million to $180 million, underscoring his crucial role in Trump's effort to win the November 5 presidential election.