Tech billionaire Elon Musk has announced a commitment to donate $45 million per month to a new political action committee (PAC) backing former President Donald Trump. This significant pledge, reported by The Wall Street Journal, marks one of the largest financial commitments of the 2024 presidential campaign, potentially amounting to hundreds of millions of dollars over the election cycle.

 

The announcement coincided with Trump being named the Republican Party's official nominee and his selection of Ohio Senator JD Vance as his running mate. The PAC, named America PAC, will focus primarily on voter outreach and registration efforts, aiming to counteract the traditionally strong campaigns of the Democratic Party in these areas.

 

Other notable backers of America PAC include the Winklevoss twins, tech entrepreneur Joe Lonsdale, former ambassador to Canada and Kentucky Senate candidate Kelly Craft, and her husband, coal executive Joe Craft. The PAC was established in May and registered in Texas. According to federal filings, it raised $8.75 million in the second quarter and had just under $100,000 cash on hand at the end of June.

 

Musk's commitment to America PAC represents a significant shift in his political involvement. Despite previously promising to stay out of the 2024 election, Musk has now endorsed Trump and pledged substantial financial support. This endorsement came shortly after Trump survived an attempted assassination, with Musk expressing his support and wishing for Trump's rapid recovery in a post on his social media platform X, alongside a video of Trump raising his fist after being shot in the ear.

 

Musk's fortune is estimated at around $252 billion, making him one of the wealthiest individuals in the world. He is the CEO of electric carmaker Tesla, leads the space firm SpaceX, and owns the social media platform X. His financial backing of Trump's campaign through America PAC could significantly influence the dynamics of the 2024 presidential race.

 

The Journal also reported that Musk and Trump had discussed a potential advisory role for Musk in a second Trump administration, indicating growing political closeness between the two figures in recent months. This financial commitment, along with the support from other high-profile backers, positions America PAC as a formidable force in the upcoming election, particularly in efforts to mobilize voters and enhance Trump's campaign infrastructure.

 

Musk's unprecedented financial support underscores the high stakes of the 2024 election and highlights the increasing involvement of billionaires in shaping political outcomes. As America PAC ramps up its activities, its impact on the election landscape will be closely watched by both supporters and opponents of the Trump campaign.

 

Credit: NYT 2024-07-17

 

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Quell surprise to bad….

Seems Musk wants to be Trump's "Fuhrer of Industry."

"How Big Business Bailed Out the Nazis," May 20, 2016 https://www.brennancenter.org/our-work/analysis-opinion/

• “what can go wrong when political objectives and the pursuit of profit become dangerously entwined.”

22 minutes ago, Srikcir said:

Seems Musk wants to be Trump's "Fuhrer of Industry."

"How Big Business Bailed Out the Nazis," May 20, 2016 https://www.brennancenter.org/our-work/analysis-opinion/

• “what can go wrong when political objectives and the pursuit of profit become dangerously entwined.”

 

Lol the Nazi comparison was quick on this one. Is that all you guys have? 😃

 

I hope Musk pays for Trump's private security, seeing as the Secret Service's biggest secret seems to be that their DEI policy has left them a remarkably incompetent outfit, at best.

 

Hard for me to imagine that I used to admire this man.

It's his money, he can do what he likes with it!

Just now, soalbundy said:

Hard for me to imagine that I used to admire this man.

I'm sure he is very concerned?

3 minutes ago, JonnyF said:

Lol the Nazi comparison was quick on this one. Is that all you guys have? 😃

 

it's all they ever had. jan 2029 cannot come fast enough. 

3 minutes ago, JonnyF said:

 

Lol the Nazi comparison was quick on this one. Is that all you guys have? 😃

 

I hope Musk pays for Trump's private security, seeing as the Secret Service's biggest secret seems to be that their DEI policy has left them a remarkably incompetent outfit, at best.

 

And your DEI was right behind it.

 

2 minutes ago, mikeymike100 said:

It's his money, he can do what he likes with it!

I doubt there is an American alive that has received more money from the Federal Government than Musk.

3 minutes ago, JonnyF said:

 

Lol the Nazi comparison was quick on this one. Is that all you guys have? 😃

 

I hope Musk pays for Trump's private security, seeing as the Secret Service's biggest secret seems to be that their DEI policy has left them a remarkably incompetent outfit, at best.

 

Quite so, you may have noticed that at the National Convention on Monday, Trump had an all MALE Secret Service security detail!!

2 minutes ago, Chomper Higgot said:

I doubt there is an American alive that has received more money from the Federal Government than Musk.

Or trump

1 minute ago, Tug said:

Or trump

No I don’t think Trump comes close.

 

Musk is firmly latched onto the Federal tit.

4 minutes ago, Chomper Higgot said:

And your DEI was right behind it.

 

 

Oh I'm sure she ticked most of the boxes. Not her fault she took 20 seconds to get her pistol out of the holster. 

 

I'm just appalled they didn't have a few trans dwarfs on the security team. Such ommissions wouldn't happen on my watch I can tell you. 

 

Seriously though, if I was Trump I'd be hiring a security team based on their ability to do the job, not to satisfy stupid Woke quotas for immutable characteristics. Kimberley Cheatle should be sacked and investigated. 

Oh ! more money to spend on his lawyers, Plane, and his wife's personal stylist , etc 

 

regards worgeordie

3 minutes ago, JonnyF said:

 

Oh I'm sure she ticked most of the boxes. Not her fault she took 20 seconds to get her pistol out of the holster. 

 

I'm just appalled they didn't have a few trans dwarfs on the security team. Such ommissions wouldn't happen on my watch I can tell you. 

 

Seriously though, if I was Trump I'd be hiring a security team based on their ability to do the job, not to satisfy stupid Woke quotas for immutable characteristics. Kimberley Cheatle should be sacked and investigated. 

This being one of your ‘I’m sure (insert baseless claim)’.

 

And now you insert ‘Trans dwarfs’ 

 

 

Your bigotry is on a roll this morning Jonny.

21 minutes ago, soalbundy said:

Hard for me to imagine that I used to admire this man.

I'm sure he cares about you 

This is GREAT news! Everything that moron invests in fails. Biden CAN'T lose now.

18 minutes ago, Chomper Higgot said:

I doubt there is an American alive that has received more money from the Federal Government than Musk.

Biden. Bludger for 50 years.

Just now, HappyExpat57 said:

This is GREAT news! Everything that moron invests in fails. Biden CAN'T lose now.

Why is he worth $200bn if everything fails 

Just now, susanlea said:

Why is he worth $200bn if everything fails 

He used to be worth a helluva lot more than that. It's really difficult to waste that much money quickly.

15 minutes ago, Chomper Higgot said:

Musk is firmly latched onto the Federal tit.

 

who doesn't like government cheese.

Just now, HappyExpat57 said:

He used to be worth a helluva lot more than that. It's really difficult to waste that much money quickly.

Poor Elon

Just now, susanlea said:

I'm sure he cares about you 

What makes you so sure? I used to admire him and now I don't, his reaction to this damning statement is of no concern to me just as my statement is of no concern of his.

6 minutes ago, HappyExpat57 said:

He used to be worth a helluva lot more than that. It's really difficult to waste that much money quickly.

 

Waste it on restoring free speech to social media?  Some things matter more to him than money.  Thank goodness.

 

It'll be interesting to see the results of his lawsuit against the advertisers' cartel that's colluding to keep advertisers from conservative sites, and not just X.  That could be worth $$ Billions.

 

 

Edited July 17, 20242 yr by impulse

Just now, soalbundy said:

What makes you so sure? I used to admire him and now I don't, his reaction to this damning statement is of no concern to me just as my statement is of no concern of his.

Nobody cares about your opinion. 

1 minute ago, impulse said:

 

Waste it on restoring free speech to social media?  Some things matter more to him than money.  Thank goodness.

 

Great service restoring free speech. Worth every penny. The left just don't get it.

Just now, susanlea said:

Nobody cares about your opinion. 

I can agree with that.

57 minutes ago, Srikcir said:

Seems Musk wants to be Trump's "Fuhrer of Industry."

"How Big Business Bailed Out the Nazis," May 20, 2016 https://www.brennancenter.org/our-work/analysis-opinion/

• “what can go wrong when political objectives and the pursuit of profit become dangerously entwined.”

look mom, i said the hitler comparison again! 🤡🤡🤡

4 minutes ago, soalbundy said:

8 minutes ago, susanlea said:

Nobody cares about your opinion. 

I can agree with that

 

I care.