Businessman Elon Musk has donated nearly $75 million to his political action committee, America PAC, to support former President Donald Trump’s bid for the White House, according to a campaign finance filing with the Federal Election Commission.
Musk, who heads electric vehicle company Tesla and spacecraft manufacturer SpaceX, contributed a total of $74,950,020 to the PAC between July and September, accounting for all reported donations during that period.
The filing underscores Musk’s efforts to help Trump compete against Democratic candidate Vice President Kamala Harris in the Nov. 5 presidential election.
Musk is the world’s wealthiest person, with a net worth of $246.8 billion, according to the Forbes real-time billionaires list.
He announced the launch of America PAC back in May, stating at the time that it was created to “support candidates who believe in the core values of America.”
According to its mission statement, America PAC was created to support six key values: secure borders, sensible spending, safe cities, a fair justice system, self-protection, and free speech.
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The super PAC has since become the seventh-largest outside spender during the 2024 election cycle, spending a total of $106,031,817, according to a tally by the nonprofit OpenSecrets.
The pro-Trump super PAC, Make America Great Again Inc, has spent $253,970,695 this election cycle, and the pro-Harris super PAC, Fast Forward USA, has spent $263,417,307 according to the nonprofit.
Earlier filings from September show that America PAC received millions of dollars in donations from Palantir Technologies co-founder Joe Lonsdale’s Lonsdale Enterprises, venture capitalist Doug Leone, and Sequoia Capital partner Shaun Maguire, among others.
Musk first endorsed Trump in July, just days after the 45th president was wounded during a failed assassination attempt at a rally in Butler, Pennsylvania.
A month later, the businessman, who said he voted for the Democratic Party’s presidential candidates in the past, spoke with Trump during a live conversation on X “Spaces.”
In October, the billionaire appeared alongside Trump at a campaign rally in Butler, the same location where the Republican presidential candidate was struck by a bullet months earlier when shooter Thomas Crooks opened fire. Musk urged people to register to vote.
His America PAC had just under $4 million in cash on hand as of Sept. 30, according to the latest filing.
The businessman has announced that he will be giving a series of talks throughout Pennsylvania from Oct. 17 to Oct. 21.
Tom Ozimek contributed to this report.
