Musk spent more than a quarter-billion dollars to elect Trump
Elon Musk plowed at least $260 million into efforts to send Donald Trump back to the White House, new filings show – a massive infusion that makes him one of the largest single political underwriters of a presidential campaign and underscores the outsized influence of the world’s wealthiest person on this year’s election.share
Thursday’s filings with the Federal Election Commission show that the Tesla and SpaceX executive gave a total of $238 million to a super PAC that he founded this year, America PAC, which worked to turn out voters on Trump’s behalf in key states.
But he also was the financial backer of other groups that cropped up in the final days of the election to support Trump, including one that spent millions on advertising to defend his record on abortion. It had sought to link Trump’s views on abortion to those of late Supreme Court Justice and liberal icon Ruth Bader Ginsburg.
Musk, through a trust that bears his name, donated $20.5 million to the group, named RBG PAC, according to filings with the Federal Election Commission. He was the sole donor to the group, which was formed in mid-October. The donation’s timing meant that Musk’s involvement was not disclosed until Thursday’s post-election filings.
Ginsburg’s granddaughter, Clara Spera, publicly denounced the ads – which sought to neutralize abortion as a liability for Trump in the campaign – as misleading and an “affront” to Ginsburg’s legacy as a staunch defender of abortion rights.
According to the new filings, Musk also donated $3 million to the MAHA Alliance, a super PAC that ran stark ads in key swing states urging supporters of Robert F. Kennedy Jr. to back Trump.
MAHA stands for “Make America Healthy Again,” Kennedy’s spin on Trump’s MAGA catchphrase. Trump has now tapped Kennedy, one of the nation’s most prominent anti-vaccine conspiracy theorists, to oversee the Health and Human Services Department.
Trump has selected other big donors for roles in his incoming administration.
Howard Lutnick, the Cantor Fitzgerald investment bank chief whom Trump has tapped to head the Commerce Department, made a nearly $3 million “in-kind” donation of stock on October 21 to a pro-Trump super PAC, MAGA Inc.
That’s on top of the $6 million that Lutnick previously donated to the super PAC over the course of the election cycle.
Other Trump supporters who have landed spots in his administration also donated to MAGA Inc. They include Linda McMahon, the former wrestling company executive tapped to serve as Education secretary. She donated more than $20 million to the Trump-aligned super PAC this cycle.
McMahon and Lutnick also serve as co-chairs of Trump’s transition operation.
Other Trump picks who have made seven-figure donations to MAGA Inc. include former Georgia Sen. Kelly Loeffler, his choice to lead the Small Business Administration; Scott Bessent, whom Trump has selected as Treasury secretary; and two of his choices for plum diplomatic posts in Europe, Arkansas investor Warren Stephens and Charles Kushner, the father-in-law of Trump’s daughter, Ivanka.
Other uber-wealthy figures who made late donations include venture capitalists Marc Andreessen and Ben Horowitz, whose firm has invested in crypto businesses. They donated a combined $23 million in November to Fairshake, the crypto industry’s main super PAC. Fairshake and aligned groups spent heavily to influence congressional races.
Trump, who once dismissed cryptocurrency as a scam, has become a fan of digital assets and has made clear he intends to diverge from the Biden administration’s aggressive regulation of the industry. This week, he announced Paul Atkins, a crypto advocate, as his pick to serve as chair of the Securities and Exchange Commission. On Thursday, Trump announced tech investor David Sacks will be his White House “czar” overseeing artificial intelligence and cryptocurrency policy.
Fairshake and its affiliates already have touted a $78 million stockpile for the 2026 midterm elections, in the form of campaign funds left over from this year’s elections and pledged donations.
https://www.cnn.com/2024/12/05/politics/elon-musk-trump-campaign-finance-filings/index.html