Elon Musk’s Election Spending: What $290 Million Means for 2024 Campaigns
Billionaire Elon Musk contributed approximately $288 million during the 2024 U.S. election cycle, primarily supporting President Donald Trump and other Republican candidates.
Musk’s political involvement included significant donations to political action committees (PACs) aligned with conservative causes. In 2024, he established America PAC to back Trump’s presidential campaign, contributing $270 million to this effort. Additionally, Musk donated $20.5 million to RBG PAC, a group that supported Trump during the election.
These contributions marked a notable shift in Musk’s political engagement, as he had previously only dabbled in politics before becoming a significant supporter of Trump’s campaign.
Musk’s substantial financial support has drawn criticism from various quarters. For instance, Bill Gates criticized Musk’s backing of far-right figures and his efforts to influence political situations in other countries, describing these actions as “delusional nonsense.”
Overall, Musk’s political contributions in the 2024 election cycle have positioned him as a major player in U.S. politics, reflecting his growing influence and the increasing involvement of tech industry leaders in political affairs.