Musk pledges multimillion-dollar Trump donation
Date
7/17/2024 6:02:14 AM
(MENAFN) Tech billionaire Elon Musk has reportedly pledged to donate approximately USD45 million per month to a new super Political action committee (PAC) supporting former United States President Donald Trump, according to a report by the Wall Street Journal. However, Musk's reaction to the article raised questions about the accuracy of the claims. He shared the report on social media and responded with a “fake gnus” meme, implying skepticism about the reporting.
The article indicated that Musk intended to start his donations this month to a PAC named America PAC, which aims to enhance voter outreach and counteract similar efforts from Democratic campaigns. If Musk follows through with such a substantial contribution, it would represent an unprecedented financial commitment, as noted by the WSJ.
Despite the ambitious pledge, financial filings submitted to the Federal Election Commission revealed that as of the end of June, Musk had not yet contributed any funds to the group. America PAC was established in late May and has attracted support from other prominent figures, including Joe Lonsdale, co-founder of Palantir Technologies, and crypto billionaires Cameron and Tyler Winklevoss. Lonsdale reportedly donated USD1 million, while both Winklevoss brothers each contributed USD250,000.
Since its formation, America PAC has raised a total of USD8.75 million, although it reported having just under USD100,000 in cash on hand by the end of June. This financial backdrop highlights the significance of Musk's potential contributions and the broader implications of high-stakes political funding in the current electoral landscape.
As the situation develops, Musk's intentions and the future of America PAC will remain closely watched, particularly in the context of the upcoming election and the fierce competition between political factions.
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