Elon Musk pledges US$45 million a month to electing Trump

TECH billionaire Elon Musk mentioned he plans to commit roughly US$45 million every month to a new fund backing Donald Trump for US president, the Wall Avenue Journal reported on Monday.

Musk’s donations will go to a political group dubbed America PAC, which can deal with selling voter registration, early voting and mail-in ballots amongst residents in swing states forward of the November basic election, the Journal reported, citing individuals conversant in the matter.

Musk is one in all a number of main backers of the brand new fund, with others reportedly together with Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft and cryptocurrency buyers Tyler and Cameron Winklevoss.

The Tesla founder formally endorsed Trump’s candidacy for US president on Saturday after the previous president survived a capturing at a political rally in Butler, Pennsylvania.

“I totally endorse President Trump and hope for his speedy restoration,” Musk wrote on the social media platform X, which he acquired in 2022.

Musk, the wealthiest man on the planet with an estimated internet value of US$250 billion, has grown more and more pleasant with Trump over the course of the 2024 US election.

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In March, the 2 met in particular person throughout a donor breakfast hosted on the Florida residence of billionaire Nelson Peltz.

Although particular person marketing campaign donations in the USA are capped at US$3,300 per particular person, loopholes within the marketing campaign finance system permit political mega donors to contribute to funds referred to as political motion committees or “PACs,” which assist candidates.

Trump beforehand decried mail and absentee voting, however has backtracked on his criticisms after it grew to become clear Democrats had an edge amongst mail voters. AFP