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Reading: Musk spent at the very least $250M to assist elect Trump, filings present
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The Wall Street Publication > Blog > World > Musk spent at the very least $250M to assist elect Trump, filings present
World

Musk spent at the very least $250M to assist elect Trump, filings present

Editorial Board Published December 6, 2024
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Tech billionaire Elon Musk spent at the very least $250 million to assist propel President-elect Trump again into the White Home, the newest stories filed with the Federal Election Fee (FEC) present. 

All through the 2024 election cycle, the Tesla and SpaceX govt donated almost $239 million, together with in-kind contributions, to America PAC, a brilliant PAC that backed Trump’s Oval Workplace bid, in response to FEC stories filed Thursday evening. 

That features three $25 million contributions within the final two weeks of October, the information confirmed. 

The skin group, which was registered with the FEC in late Might, spent massive quantities on get-out-the-vote initiatives, unsolicited mail, digital promoting and canvassing. The Tremendous PAC ran the controversial marketing campaign of shelling out $1 million donations to Trump backers within the seven battleground states who signed its petition. The initiative was scrutinized in public and in courts with Philadelphia District Legal professional Larry Krasner suing the PAC in October in hopes of stopping the giveaway. 

Every of the $1 million donation winners was listed as funds for “spokesperson consultant” by America PAC, in response to FEC filings. In whole, Musk spent greater than $40 million on the checks. 

Whereas nearly all of Musk’s public donations had been steered towards America PAC, the SpaceX CEO funded one other Tremendous PAC that appeared to average Trump’s stance on abortion. 

RBG PAC, which was registered with the FEC on Oct. 16, didn’t disclose its donors earlier than the 2024 common election. However the newest submitting confirmed that Musk was its sole funder, giving $20.5 million by means of his Elon Musk Revocable Belief primarily based in Austin, Texas, on Oct. 24. 

The skin group, named after the late liberal Supreme Court docket Justice Ruth Bader Ginsburg, steered Trump and the late justice seemingly agreed on opposing a nationwide abortion ban. The group’s web site options Trump’s Oct. 1 publish on the social platform X the place he vowed to veto a nationwide abortion ban if it got here his method. 

“Why did Ruth Bader Ginsburg agree with Donald Trump’s position on abortion? Because RBG believed that the federal government shouldn’t dictate our abortion laws. Donald Trump also does not support a federal ban on abortion,” the group wrote on its web site. 

The skin group ran abortion-focused adverts and spent the funds on textual content messages, mailers and digital promoting, FEC stories confirmed. 

The tech tycoon additionally supported the Tremendous PAC MAHA Alliance, standing for “Make America Healthy Again,” which is tied to Robert F. Kennedy Jr.

The group acquired $3 million from Musk on Oct. 22, in response to FEC filings. The skin group tried to persuade Kennedy supporters to vote for Trump following the unbiased presidential candidate’s exit from the race. 

With extra FEC stories to be filed by Tremendous PACs and different politically energetic teams, it’s potential that Musk has given much more cash to efforts backing Trump. 

Based on FEC filings, Musk was one in all Trump’s largest donors on this yr’s election cycle. 

After the conclusion of the election, Musk has been a frequent visitor at Trump’s Mar-a-Lago membership in Florida, becoming a member of his calls with world leaders and, at occasions, weighing on the president-elect’s selections of nominees and appointees. 

Shortly after Trump’s win towards Vice President Harris, Trump tapped Musk, alongside along with his former 2024 GOP main rival, Vivek Ramaswamy, to guide the newly shaped Division of Authorities Effectivity, an advisory board targeted on slicing authorities spending. 

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