Elon Musk attended the “Exploring New Areas of Innovation: A Dialogue between Mark Reed and Elon Musk” session on the third day of the 2024 Cannes International Creativity Festival held in Cannes, France on June 19, 2024.
Mark Piasecki | Getty Images
Elon Musk said he plans to commit about $45 million a month to a newly formed super PAC to support former President Trump’s bid for the White House. The Wall Street Journal reported on Mondayciting people familiar with the matter.
As of the end of June, Musk had not provided any funding to a group called America PAC, according to the group. Quarterly Financial Filing filed with the Federal Election Commission Monday night.
It’s unclear whether he donated in July. There was no immediate response to an email sent to Musk’s colleagues late Monday.
But the super PAC formed in late May has already received donations from other high-profile entrepreneurs, including Palantir Co-founder Joe Lonsdale and cryptocurrency billionaires Cameron and Tyler Winklevoss, documents show.
According to multiple media reports, Lonsdale donated $1 million to America PAC through Lonsdale Enterprises, an entity tied to the technology investor of the same name.
FEC filings show the Winklevoss twins each donated $250,000 to super PACs.
Lonsdale could not immediately be reached for comment.
According to FEC filings, from its inception to the end of June, America PAC had revenue of $8.8 million, expenses of $7.8 million, and less than $1 million in cash on hand.
Musk, the CEO of Tesla and SpaceX and one of the world’s richest men, officially endorsed Trump on Saturday, just minutes after the Republican presidential candidate was assassinated at a campaign rally.
Reports of Musk’s pledge to help Trump defeat President Joe Biden came on the first day of the Republican National Convention in Milwaukee, where Trump secured enough delegates to officially become the Republican nominee.
— CNBC’s Lora Kolodny contributed to this report.
About The Author
