Elon Musk will donate another $56 million to elect Donald Trump and other Republicans in the final weeks of the 2024 election, as the world’s richest man turns his allies to white The amount spent to promote the House and Congress amounted to at least $132 million, federal filings show. .
The donations, disclosed Thursday in Federal Election Commission disclosures, show that the Tesla Inc. and SpaceX chief executives are funding President Trump’s White House bid and are making a bid for the House and Senate. This shows that he poured money into Washington’s three-pronged strategy of supporting the Republican Party.
Musk, who had only made modest political contributions prior to the 2024 election cycle, poured $43.6 million into America PAC, an organization he founded in early October, bringing the annual total to $118.6 million. . He also spent millions of dollars disseminating funds into the political system, helping him build a network of allies.
This level of giving has propelled Musk into the upper echelons of political donors, making him one of the most prolific contributors throughout the 2024 cycle.
The filing shows donations through Oct. 16 and is the final detailed look into federal campaign and superpolitical action committee finances ahead of Election Day on Nov. 5.
Mr. Musk’s super PAC is funding operations to boost Mr. Trump’s turnout in battleground states and Republican turnout in battleground districts that could help Republicans win a House majority. . America PAC is also spending on digital ad campaigns, some of which target young men to get them to the polls to offset Democratic Vice President Kamala Harris’ advantage among female voters. It is said that
Musk’s other donations include $10 million to the Senate Leadership Fund, a super PAC aimed at electing Senate Republicans, and Sentinel, a super PAC that works to get votes for Senate Republican campaigns. – Includes $2.3 million to the Action Fund. Montana, Nevada, Ohio, and Pennsylvania.
These donations come as Musk, whose company boasts billions of dollars worth of federal contracts and who has personally pushed back against government regulation, has amassed a network of political influence that includes future presidential candidates and members of Congress. This is the latest demonstration of how it is expanding.
His political activities have come under some scrutiny from federal authorities. The U.S. Department of Justice sent a letter to his super PAC this week warning that a program giving $1 million a day to registered voters in battleground states who sign online petitions could violate federal law. It is illegal to pay individuals to vote or register to vote.
In addition to Musk, eight other people also donated to America PAC, including investor Nelson Peltz and members of the DeVos family, longtime Republican donors. Betsy DeVos was President Trump’s secretary of education.
America PAC spent $47 million in the final 19 days before Election Day and had $3.3 million in cash on hand. From its launch earlier this year through Oct. 16, America PAC has spent $105 million supporting Trump.
Musk is playing an unprecedented role in the 2024 political donation campaign. In addition to donating, he appeared on stage with Trump and held his own campaign rally without the former president. At an event in Pennsylvania earlier this month, Musk used ominous rhetoric, telling the audience: “This election will decide the fate of America. And with America’s fate, the fate of Western civilization.”
The former president said he would ask Musk to join his administration if he wins a second term, leading an effort to reduce government waste called the Department of Government Efficiency (DOGE), which Musk has adopted. It is said to be named after virtual currency.
Deep-pocketed donors are playing a key role in supporting Trump, who lags far behind Harris in fundraising. Since Labor Day, she has outspent her campaign in all seven battleground states in the final stages of the campaign, according to data from AdImpact. Her total media buys are $352 million, compared to Trump’s $214 million.
The economic advantage also allowed Ms. Harris to open more than 330 field offices with more than 2,000 paid employees to help conduct voter mobilization efforts. But the Bloomberg News/Morning Consult poll shows that in each of the seven battleground states, the candidates are statistically tied among likely voters, and that the narrow margins in these battleground states are tied. The results highlight how a final onslaught of advertising, rallies and door-knocking campaigns could shape decisions. Who claims the White House.
Here are the latest updates raised by the presidential campaign:
donald trump
- President Trump and the Republican Party raised $111 million in the first half of October and had $216 million in cash on hand in the final weeks.
- His main super PAC, Make America Great Again Inc., had raised $9.8 million and had $31 million in cash on hand.
In the final days of his third campaign for the White House, Trump and the Republican Party are joined by Miriam Adelson of the Las Vegas Sands, Houston Rockets owner Tilman Fertitta, Hilcorp Energy founder Jeffrey Hildebrand, and the New York Jets. We received donations from Woody Johnson, the owner of , and Adam. Mr. Johnson, Chairman and CEO of NetJets
President Trump’s flagship super PAC, MAGA, received $5 million in contributions from Facebook co-founder Jan Koum and $1 million from Johnson and investment banker Warren Stevens. Mr. Koum’s donation was in the form of stock in Meta Platforms Inc.
Adelson did not donate any more money to his super PAC, Preserve America, but Oracle CEO Safra Katz gave $1 million and Uline co-founder Elizabeth Mr. Uihlein donated $3 million. Turnout for America, which is focused on strengthening President Trump’s ground campaign, had raised $6.9 million and had $8.6 million in cash heading into the final day. Billionaire Diane Hendricks donated $5 million to the group.
kamala harris
- Harris and Democrats raised $188 million in the first 16 days of October and entered the final week with $270 million in cash on hand.
- Her affiliated super PAC, Future Forward, had raised $89 million and had $21 million in cash on hand.
Harris is joined by Barry Diller, CEO of media company IAC, James Murdoch, CEO of Lupa Systems, and his wife Kathryn Murdoch, and former Blackstone Group executive Tony Diller. He continued to attract large Democratic donors, including Mr. James, to his campaign and the Democratic Party.
Future Forward received $40 million from partner nonprofit Forward USA Action, which has not disclosed its donors, $25 million from Facebook co-founder Dustin Moskowitz, and $1 million from venture capitalist Vinod Khosla. received.
