Elon Musk has given almost $75 million to America PAC, the tremendous PAC that he created to help former President Donald Trump, in line with a marketing campaign finance submitting from the group late Tuesday.
The submitting with the Federal Election Commission was the primary public take a look at Musk’s political giving this 12 months, after months of hypothesis about how a lot cash the tech billionaire would contribute to pro-Trump efforts. It reveals that the tech billionaire has vaulted into the highest ranks of Republican donors.
Musk, the CEO of Tesla and SpaceX, is the world’s wealthiest particular person with a web price of $241 billion, in line with the Bloomberg Billionaires Index.
He established America PAC in May as a method to assist help Trump’s marketing campaign to return to the White House. The tremendous PAC is concentrated on voter turnout efforts in potential swing states resembling Pennsylvania, the place Musk just lately appeared on stage with Trump.
Musk gave $14.95 million to the tremendous PAC in July, $30 million in August and $30 million in September, in line with the submitting. The submitting says he was the tremendous PAC’s solely donor throughout that interval, though in June the tremendous PAC disclosed a number of donations from associates of Musk, together with 5 donations for $1 million every.
A spokesperson for America PAC declined to touch upon the submitting.
The submitting covers donations via Sept. 30. Other filings earlier than the Nov. 5 election might present further donations from Musk or others.
The tremendous PAC had just below $4 million in money available as of Sept. 30, in line with the submitting, after spending closely within the third quarter.
The extent of Musk’s contributions to pro-Trump efforts has been the topic of intense hypothesis. In July, Trump stated at a rally in Michigan that Musk “provides me $45 million a month” — a determine that Musk disputed a pair days later in an interview with podcaster Jordan Peterson. Later in July, Musk elaborated in a publish on X, saying he was supporting Trump “however at a a lot decrease stage.”
Musk has given smaller quantities this 12 months to different Republican committees, together with to the California Republican Party and the National Republican Congressional Committee.
Few people have given extra money than Musk has this 12 months to Republican or pro-Trump efforts. Republican megadonor Miriam Adelson gave $95 million within the third quarter to the tremendous PAC she is utilizing to again Trump.