Musk donates $75 million to Trump campaign

The billionaire has confirmed his contribution to America PAC, becoming one of the top donors supporting the Republican nominee

Elon Musk has donated $75 million to a pro-Donald Trump group in recent months, the US-based billionaire has confirmed. Founded by the tech mogul himself back in July, America Political Action Committee says it aims to bolster turnout for the Republican nominee in closely contested battleground states, which could decide the November 5 presidential election.

Musk, whose net worth stands at $246.5 billion, says he financially backed both Republican and Democratic candidates in previous campaigns, not showing any clear preference for either party. However, following the failed assassination attempt on Trump on July 13, the tycoon publicly endorsed the GOP candidate, and has been his vocal supporter ever since.

Responding to a post by another X (formerly Twitter) user, who wrote that “Elon Musk has given nearly $75 Million to @America PAC,” the SpaceX and Tesla CEO on Wednesday provided a single-word confirmation.

Earlier that day, Reuters and Bloomberg, citing Federal Election Commission disclosures, reported that Musk had donated nearly $75 million to America PAC between July and September. According to Reuters, the tech mogul was the sole benefactor of the group during that period, emerging as one of the top Republican donors across the board.

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America PAC’s primary focus is on recruiting canvassers and placing digital ads to get Trump-supporters to vote.

On Sunday, the Republican nominee announced that if elected, he would create a “new position: secretary of cost-cutting,” designed specifically for Musk. Trump added that the entrepreneur, whom he described as a “great business guy,” had already expressed a willingness to take on the role.

Earlier this month, the billionaire appeared together with the former president during a rally in Butler, Pennsylvania, where Trump had been shot at and wounded in July. During the event, Musk described the November 5 vote as the “most important election of our lifetime.” He also accused the Democrats of intending to “take away your freedom of speech.”

In its Wednesday report, Bloomberg noted that the Republican nominee was lagging far behind his rival, Kamala Harris, in terms of fundraising. This has allowed the Democratic presidential candidate to mount an active voter mobilization campaign in all seven battleground states, according to the media outlet.