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Reading: Elon Musk sunk $75 million into his pro-Trump PAC in Q3
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The Texas Reporter > Blog > Business > Elon Musk sunk $75 million into his pro-Trump PAC in Q3
Business

Elon Musk sunk $75 million into his pro-Trump PAC in Q3

Editorial Board
Editorial Board Published October 16, 2024
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Within the span of three months, Elon Musk gave $75 million to his America PAC, a political motion committee working to see that Donald Trump is elected president in November, catapulting him to close the highest of the Republican Social gathering’s donor listing.

The donations got here between July and September of this 12 months, based on federal filings that had been made public on Tuesday. Musk was the only real donor to the PAC within the newest quarter, although earlier donors embody Palantir Applied sciences co-founder Joe Lonsdale and the Winklevoss twins.

Whereas well-funded, America PAC has had some challenges in getting up and operating, firing a number of distributors and pausing its promoting. Musk famous this on social media, posting “Sorry, so many dumb things happening. Working on fixing.”

The PAC is spending a lot of its consideration on get-out-the-vote operations in swing states.

Musk endorsed Trump within the 2024 election after a gunman opened fireplace at a Trump rally, killing a spectator and injuring the previous president. He has additionally joined Trump at rallies and advocated for him vigorously on Twitter/X, together with posts about Kamala Harris which have been factually questionable.

As of Tuesday evening, America PAC has spent greater than $100 million in its assist of Trump. It has not, nevertheless, paid for any tv commercials, which PACs usually spend their funds on. Canvassing, digital advertisements and unsolicited mail have been its focus.

Along with Trump, the PAC has additionally lent assist to some Republican Home and Senate candidates.

Harris, in the meantime, raised $653 million within the third quarter throughout two fundraising committees. An entire image of presidential fundraising might be accessible Sunday, when each campaigns file further reviews.

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