Elon Musk, the world's richest person and tech mogul, has emerged as one of the biggest donors to Republican causes in the 2020 election cycle. According to recent campaign finance disclosures, Musk contributed over $70 million to America PAC, a super political action committee he established to support Donald Trump's reelection campaign.
America PAC, founded by Musk in May, quickly became a key player in Trump's election efforts. Musk described the PAC as promoting 'common sense, centrist values' on his social media platform X.
Super PACs like America PAC have the ability to raise and spend unlimited funds but are prohibited from coordinating with the candidates they support. However, a recent ruling by the Federal Election Commission has allowed for collaboration on ground game efforts, such as voter turnout initiatives.
Trump's campaign, facing fundraising challenges, has relied on external groups like America PAC to handle crucial functions like voter canvassing. America PAC has already spent over $38 million on such efforts, with a significant portion going to consulting firms associated with Phil Cox, a former presidential campaign aide.
In a departure from traditional strategies, Trump's campaign is focusing on mobilizing infrequent voters rather than targeting independent or moderate voters. This unconventional approach carries risks but reflects the campaign's efforts to energize Trump's base.
Aside from Musk, America PAC has received substantial contributions from other wealthy donors, including the Winklevoss twins, who donated approximately $8.75 million. The super PAC has allocated nearly $80 million in expenditures this year, with a portion directed towards supporting Republican House candidates.
Overall, Musk's significant financial backing underscores the evolving landscape of campaign finance and the influential role of super PACs in shaping electoral outcomes.
