by Hailey Gomez
Billionaire Elon Musk has said he plans to donate about $45 million a month to a super political action committee (PAC) that is helping to elect former President Donald Trump to office this November, sources have reported.
Sources familiar with the matter he said The Wall Street Journal reports the billionaire plans to raise his support for American PAC. Others who are also involved in supporting the group include Palantir Technologies co-founder Joe Lonsdale, cryptocurrency billionaires Cameron and Tyler Winklevoss, former U.S. Ambassador to Canada Kelly Craft and her husband, Alliance Resource Partners CEO Joe Craft.
There were reports that Musk donated to a US PAC released On Friday, sources familiar with the matter told Bloomberg that Musk made a “significant” donation.
Following the failed assassination attempt on Trump on Saturday during his rally in Pennsylvania, Musk announced his full support for the former president in a post on X (formerly known as Twitter).
“I fully support President Trump and hope for his speedy recovery,” Musk wrote.
I fully support President Trump and hope for his speedy recovery. photo: twitter.com/ZdxkF63EqF
— Elon Musk (@elonmusk) July 13, 2024
The former president has been gaining steady support from Silicon Valley elites over the past few months as more and more people have come out in support of him. In addition to Musk on Saturday, billionaire hedge fund manager and longtime Democratic Donor Bill Ackman expressed his support for Trump, writing in a post on X about his “pro-Trump posts” and “criticism” of President Joe Biden.
“Of course, you don’t have to care about my opinion, so don’t read my post when it appears. That said, I believe the upcoming presidential election is one of the most important elections of my lifetime, so I’m taking the appropriate amount of time to formulate observations that I will share widely and for which I accept important responsibility,” Ackman wrote.
Others, such as venture capitalists David Sacks and Chamath Palihapitiya, have thrown fundraising was held in the former president’s honor in early June and raised a total of $12 million from donors who had never donated to Republicans or Trump before the event.
Elon Musk, America PAC and the Trump campaign did not immediately respond to a request for comment from the Daily Caller News Foundation.
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Hailey Gomez is a reporter at the Daily Caller News Foundation.
Photo “Elon Musk” by Debbie Rowe. CC BY-SA 3.0. Background image “Donald Trump at the RNC” by Daniel Scavino Jr..
