Elon Musk, the billionaire businessman, has made a substantial donation of nearly $75 million to his political action committee (PAC), America PAC, in support of former President Donald Trump’s White House bid. This contribution was reported in a campaign finance filing with the Federal Election Commission, covering the period between July and September. Musk, known for heading Tesla and SpaceX, has been actively supporting Trump’s campaign against Democratic candidate Vice President Kamala Harris in the upcoming presidential election.
As the world’s richest individual with a net worth of $246.8 billion, according to Forbes, Musk launched America PAC in May to back candidates who align with American core values. The PAC’s mission statement highlights values such as secure borders, sensible spending, safe cities, a fair justice system, self-protection, and free speech.
America PAC has emerged as the seventh-largest outside spender in the 2024 election cycle, having spent a total of $106,031,817. Other notable donors to the PAC include figures from Palantir Technologies, venture capitalist Doug Leone, and Sequoia Capital partners Shaun Maguire. Musk publicly endorsed Trump in July, shortly after the president survived an assassination attempt. He later engaged in a live conversation with Trump and appeared at a campaign rally alongside him in Butler, Pennsylvania.
Despite his previous support for Democratic candidates, Musk’s backing of Trump underscores his evolving political stance. As of September 30, America PAC reported having just under $4 million in cash on hand. Musk also announced plans to conduct a series of talks in Pennsylvania in the coming week. This development highlights the businessman’s increasing involvement in the political landscape as the election approaches. Please rewrite this sentence.
Source link
