Although Trump has stated opposition to a national abortion ban, his administration comprises officials like Doug Burgum who have endorsed or enacted strict abortion legislation.
Additionally, Musk donated $3 million to the MAHA Alliance super PAC. Recent campaign finance data reveals that Elon Musk injected over $260 million into political organizations in 2024 that supported Donald Trump’s successful presidential campaign and subsequently landed him a co-head position at the Department of Government Efficiency as reported by the Federal Election Commission.
According to The New York Times Musk and his affiliated entities contributed around $277 million to federal groups during this election cycle.
As the CEO of Tesla SpaceX and xAI as well as the owner of X The Boring Company and Neuralink Musk’s donations position him as the top donor of the current election cycle and can be viewed as strategic investments in his own ventures. A legal attempt by Philadelphia’s district attorney to halt the payments, accusing Musk and America PAC of conducting an “illegal lottery,” did not succeed.
Musk also allocated $20.5 million to RBG PAC, another super PAC that circulated advertisements falsely claiming that the late Supreme Court justice Ruth Bader Ginsburg held abortion stances aligned with Trump’s views, despite Ginsburg being a staunch advocate for abortion rights. While the full extent of Musk’s political donations remains unknown, it is anticipated that the figure will continue to rise.. With a net worth of $361.7 billion, as per the Bloomberg Billionaires Index, Musk’s wealth has seen a significant increase since Trump’s election victory.
The major chunk of Musk’s contributions, approximately $238.5 million, went to the America PAC, a super political action committee he launched earlier this year, with a primary focus on the presidential race né?. Reports have indicated that the America PAC financed ads on social media that parodied Democrats and their beliefs with exaggeratedly woke and misleading content.
Super PACs have the ability to receive limitless donations and Musk has expressed his intention for the PAC to continue its activities through the midterm elections.
The PAC’s financial disclosures show that it made 18 payments of $1 million each to individuals acting as “spokesperson consultants.” Musk offered $1 million daily giveaways to registered voters in swing states who pledged their support for free speech and gun rights. Given that Trump supports deregulation, which could benefit sectors Musk is associated with such as AI and space exploration.
This week, Musk’s xAI secured a $6 billion funding boost
