Elon Musk has donated to a Trump campaign-affiliated PAC, tossing cash behind a candidate for the first time in the race, per Bloomberg.
People familiar with the donation didn’t disclose the amount, but according to Bloomberg, they described it as a “sizeable sum.”
Musk, with a net worth of far over $200 billion, has dove headfirst into far-right conspiracy and fascist-adjacent ideology in recent years, pushing strains of the Great Replacement Theory and other anti-immigrant and antisemitic rhetoric on X, formerly Twitter, the platform that he purchased in 2022.
The Trump campaign, which has closed a fundraising gap versus Joe Biden’s re-election bid largely thanks to the ultra-wealthy pouring cash in, is also seeing support from a network of shadowy PACs like America PAC, which have softer rules on disclosures for donations from the wealthy.
A July 15 deadline will force America PAC to release a list of donors, though disclosure frequency and amounts are not required.
Trump, who previously blasted Musk as a "bulls**t artist," has softened his tune on the Tesla executive in recent months, hoping to court a campaign contribution.
As Trump mulls Musk for an advisory role in a future administration, the X executive and far-right commentator hopes to maintain his ties with the federal government, which provides lucrative contracts for his SpaceX company.
Just to be super clear, I am not donating money to either candidate for US President
— Elon Musk (@elonmusk) March 6, 2024
Musk, who made a March visit to Mar-a-Lago, then proclaiming that he didn’t expect to finance either candidate, has been a vocal critic of the Biden administration and its plans to raise taxes on billionaires. Meanwhile, Democratic ultrawealthy donors have all but staged a coup to remove Biden from the party’s ticket.
