Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, has quietly funneled $75 million into a political action committee (PAC) supporting former President Donald Trump’s 2024 presidential campaign. This revelation, disclosed in a federal report, highlights Musk’s growing influence in US politics and his alignment with the Republican party.
Musk, who now considers himself “dark MAGA,” has pledged his support for Trump’s re-election bid, citing shared core values such as secure borders, sensible spending, and free speech. The America PAC, as the group is known, has already spent $87 million on the campaign, focusing on key battleground states.
The surge in PAC spending and outside contributions is a result of the Supreme Court’s Citizens United ruling, which allows corporations to support candidates with unlimited funds. This decision has led to a record-breaking $15.9 billion projected spending for the 2024 federal elections.
With conservatives currently dominating outside spending, Musk’s financial backing of Trump’s campaign underscores the role of mega-donors in shaping US elections. As the countdown to November 5 continues, the influence of wealthy individuals like Musk raises questions about the future of campaign finance and political power in America.