According to the report of the Federal Election Commission, Elon Musk More than 260 million dollars to the election campaign Donald Trump It helped him to win the presidential election. Musk is now considered a key figure in the newly created Department of Government Productivity (DOGE).
The New York Times reports that Musk and entities controlled by him paid about $277 million to various political groups to help Trump win.
Musk is the CEO of Tesla, SpaceX and xAI and owns X, The Boring Company and Neuralink. His donations made Musk the biggest donor of the campaign, and they can all be seen as investments in his own companies. Trump could help Musk’s industries, including artificial intelligence and space exploration.
Startup xAI recently raised $6 billion in new funding. According to the Bloomberg Billionaires Index, Musk’s net worth is $361.7 billion. The world’s richest man has seen a dramatic increase in his wealth since Trump won the election last month.
The bulk of Musk’s donation (about $238.5 million) went to a new political action committee, America PAC, which he founded in the spring. It mainly focused on electoral contests. America PAC has reportedly sponsored anti-Democrat ads on social media.
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Filings provided by the PAC show that $1 million was paid to 18 individuals who served as “speakers” for the committee. Musk offered to pay registered voters in key states $1 million a day to sign a pledge in support of free speech and the right to bear arms.
The District Attorney of Philadelphia filed a lawsuit against Musk and the PAC, accusing them of holding an “illegal lottery”; But there was no result.
