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Musk’s donation will go to a group called American Political Action Committee, which will support Trump’s re-election by focusing on voter registration, early voting and mail-in ballots among residents of swing states.
Tech billionaire Elon Musk said he plans to donate about $45 million a month to a new Super PAC to support Donald TrumpAccording to US media reports.
The Wall Street Journal cited people familiar with the matter as saying that Musk’s donation will be donated to an organization called the American Political Action Committee, which will focus on promoting voter registration, early voting and mail-in voting among residents in swing states before the November election in support of Trump.
Musk formally endorsed Trump’s candidacy for US president on Saturday after the former president survived Shootings at political rallies In Pennsylvania.
“I fully support President Trump and wish him a speedy recovery,” Musk wrote on the social media platform X, which he acquired in 2022 when it was called Twitter.
Musk reportedly plans to start making donations next month.
I fully support President Trump and wish him a speedy recovery. pic.twitter.com/ZdxkF63EqF
— Elon Musk (@elonmusk) July 13, 2024
Musk, the world’s richest man with an estimated net worth of $250 billion, has grown increasingly friendly with Trump over the past few years. 2024 US Election.
The two met in March at a donor breakfast hosted by billionaire Nelson Peltz at his Florida residence.
Although individual campaign donations in the United States are capped at $3,300 per person, there are loopholes in the U.S. campaign finance system that allow political mega-donors to donate to funds that support candidates – political action committees (PACs).
The U.S. political action committee has hired hundreds of staffers to try to help elect Trump, and has been registering voters, talking to voters in swing states and urging voters to request mail-in ballots, according to some of the people familiar with the matter.
Trump has previously denounced mail-in and absentee voting, but he walked back his criticism after it became clear that Democrats had an advantage among mail-in voters.
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