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Fresh safari funding data shows that Elon Musk stream more than $ 260 million into political groups in 2024 that help oneself Donald Trump win the presidential election and , consequently , secured a situation for himself as the co - head of theDepartment of Government Efficiency , according to theFederal Election Commission .
The New York Times reportedthat Musk and the entities he contain disclosed about $ 277 million in contribution to Union grouping this election cycle .
Musk is the chief operating officer of Tesla , SpaceX , and xAI , and the owner of X , The Boring Company , and Neuralink . His donations make Musk the largest donor of the election cycle , and they can be viewed as aninvestment in the hereafter of his own companies . Trump is in favour of deregulating , which could benefit industries Musk is involved in , let in AI and space geographic expedition .
Musk ’s xAI this workweek landed$6 billion in fresh funds . The billionaire executive is deserving $ 361.7 billion , according to theBloomberg Billionaires Index . He has get word his wealth rush in the calendar month since Trump won the election .
The bulk of Musk ’s donation , roughly$238.5 million , exit to the America PAC , a super political natural action citizens committee he founded in the spring that largely centre on the presidential race . Reportshave shown that the America PAC funded ads across social mass medium that impersonated Democrats and their stances with cartoonishly woke and inaccurate sentiments .
tops PACs can accept unlimited contribution , and Musk has said heexpects the PACto “ keep grinding ” through the midterms .
The super PAC ’s filing exhibit it made 18 payment of $ 1 million to hoi polloi who serve as “ representative consultants . ” Musk offer $ 1 million daily giveaways to a registered voter in swing states if they signed a pledge to support spare manner of speaking and shooter right field . A lawsuit from Philadelphia ’s district lawyer against Musk and America PAC criminate them of running an “ outlaw drawing ” failed to win an injunction to end the payments .
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Musk also donated$20.5 million to RBG PAC , a top-notch PAC that ran ads claiming Ruth Bader Ginsburg , the late Supreme Court justice , had abortion position that align with Trump ’s . Ginsburg was a unswerving supporter of miscarriage right wing . Trump has enjoin he is against a internal miscarriage ban but has stack his cabinet with politicians like Doug Burgum who have passed or support rigorous abortion jurisprudence .
Musk also gave $ 3 million to the MAHA Alliance super PAC . The full extent of Musk ’s political donation is not yet known , but the number is wait to continue growing .
