Elon Musk gave one other $56 million to elect Donald Trump and different Republicans within the ultimate weeks of the 2024 election, bringing to a minimum of $132 million the quantity spent by the world’s richest individual to raise his allies to the White Home and Congress, federal filings present.
The donations — revealed in disclosures with the Federal Election Fee Thursday — present that the Tesla Inc. and SpaceX chief govt officer has poured cash into the Washington trifecta: funding Trump’s White Home bid, together with supporting Home and Senate Republicans.
Musk, who had solely given modest political donations till the 2024 election cycle, funneled $43.6 million within the first half of October into America PAC, the group he based, bringing his whole for the 12 months to $118.6 million. He additionally spent hundreds of thousands extra spreading cash across the political system which helps him construct a community of allies.
That stage of giving has vaulted him into the higher echelon of political donors, making Musk probably the most prolific contributors of the complete 2024 cycle.
The filings present donations via Oct. 16 and are the ultimate detailed have a look at federal campaigns’ and tremendous political motion committees’ funds earlier than Election Day on Nov. 5.
Musk’s tremendous PAC is paying for operations to spice up voter turnout for Trump in battleground states and Republicans in swing districts that might assist the GOP win a Home majority. America PAC can also be spending on digital advert campaigns, a few of which goal younger males, attempting to get them to the polls to offset Democratic Vice President Kamala Harris’ benefit amongst girls voters.
Musk’s giving to different teams included $10 million to the Senate Management Fund, an excellent PAC that goals to elect Senate Republicans, and $2.3 million to the Sentinel Motion Fund, an excellent PAC doing get-out-the-vote work for Republican Senate campaigns in Montana, Nevada, Ohio and Pennsylvania.
The donations are the newest demonstration of how Musk, whose corporations boast billions of {dollars} price of federal contracts and who has personally bristled at authorities laws, is increasing his political affect community to incorporate a possible future president and members of Congress.
His political actions have obtained some scrutiny from federal officers. The US Justice Division despatched a letter to his tremendous PAC this week warning {that a} program to present $1 million a day to registered voters in swing states who signal a web-based petition could violate federal legal guidelines. It’s unlawful to pay people to vote or to register to vote.
Along with Musk, eight different people additionally donated to America PAC, together with investor Nelson Peltz and members of the DeVos household, who’re longtime Republican donors. Betsy DeVos was Trump’s schooling secretary.
America PAC spent $47 million and had $3.3 million money available heading into the final 19 days earlier than Election Day. Since its launch earlier this 12 months via Oct. 16, America PAC has spent $105 million backing Trump.
Musk is taking part in an unprecedented function within the 2024 marketing campaign for a political donor. Along with his donations, he’s appeared on stage with Trump and held his personal marketing campaign rallies with out the previous president. At an occasion earlier this month in Pennsylvania, Musk used ominous rhetoric, telling the group that “this election is going to decide the fate of America. And along with the fate of America, the fate of western civilization.”
The previous president has stated he would ask Musk to hitch his administration ought to he win a second time period, heading up an effort to chop authorities waste nicknamed the Division of Authorities Effectivity, or DOGE, a reference to a cryptocurrency Musk has embraced.
Deep-pocketed donors are taking part in a crucial function in supporting Trump, who lags far behind Harris in fundraising. She’s been outspending his marketing campaign in all seven of the battleground states that may resolve the election within the ultimate stretch since Labor Day, in keeping with knowledge from AdImpact. Her media buys whole $352 million in comparison with $214 million for Trump.
Harris’ monetary benefit has additionally allowed her to open extra then 330 subject places of work staffed with greater than 2,000 paid workers to assist conduct its voter-mobilization operations. However the candidates are statistically tied amongst doubtless voters in every of the seven swing states within the Bloomberg Information/Morning Seek the advice of ballot, with the razor-thin margins in these battlegrounds underscoring how the ultimate blitz of promoting, rallies and door-knocking campaigns may resolve who claims the White Home.
Right here’s the newest on what the presidential campaigns raised:
Donald Trump
- Trump and the Republican Celebration raised $111 million within the first half of October and had $216 million money available for the ultimate weeks
- Make America Nice Once more Inc., his primary tremendous PAC, raised $9.8 million and had $31 million money available
Within the ultimate days of his third marketing campaign for the White Home, Trump and the GOP obtained donations from Miriam Adelson of Las Vegas Sands, Houston Rockets proprietor Tilman Fertitta, Jeffery Hildebrand, founding father of Hilcorp Vitality, New York Jets proprietor Woody Johnson, and Adam Johnson, chairman and CEO of NetJets Inc.
Trump’s primary tremendous PAC, MAGA Inc., bought $5 million from Fb co-founder Jan Koum and $1 million donations from Johnson and funding banker Warren Stephens. Koum’s donation got here within the type of shares of Meta Platforms Inc.
Adelson didn’t donate any extra funds to her tremendous PAC, Protect America, however Oracle CEO Safra Catz gave $1 million, and Uline co-founder Elizabeth Uihlein gave $3 million. Turnout For America, which is specializing in bolstering Trump’s floor sport, raised $6.9 million and had $8.6 million money available heading into the ultimate days. Billionaire Diane Hendricks gave the group $5 million.
Kamala Harris
- Harris and the Democratic Celebration raised $188 million within the first 16 days of October and entered the ultimate weeks with $270 million money available
- Future Ahead, her allied tremendous PAC, raised $89 million and had $21 million money available
Harris continued to draw huge Democratic donors to her marketing campaign and the Democratic Celebration, together with Barry Diller, chief govt officer of media agency IAC Inc., Lupa Programs CEO James Murdoch and his spouse Kathryn Murdoch, and Tony James, a former Blackstone Group govt.
Future Ahead obtained $40 million from its allied nonprofit Ahead USA Motion, which doesn’t disclose its donors, $25 million from Fb co-founder Dustin Moskovitz and $1 million from enterprise capitalist Vinod Khosla.
