Elon Musk has reportedly expressed his intention to allocate approximately $45 million per month to support a super political action committee (PAC) aiming to secure the election of former President Donald Trump in the upcoming November election.
According to sources familiar with the matter, as reported by The Wall Street Journal, Musk is planning to increase his backing for the American PAC.
Other prominent figures involved in supporting the group include Joe Lonsdale, co-founder of Palantir Technologies, cryptocurrency billionaires Cameron and Tyler Winklevoss, former U.S. ambassador to Canada Kelly Craft, and her husband Joe Craft, who serves as the Chief Executive of Alliance Resource Partners.
The news of Musk’s contributions to the American PAC were made public on Friday through reports from sources cited by Bloomberg, indicating that Musk had made a substantial donation.
Following an unsuccessful assassination attempt against Trump at a Pennsylvania rally, Musk openly declared his full endorsement for the former president via a post on X (formerly known as Twitter).
In his statement, Musk expressed his support for Trump and wished for his swift recovery.
Notably, Trump has been gaining increasing support from influential figures in Silicon Valley in recent months.
Apart from Musk’s endorsement, billionaire hedge fund manager Bill Ackman also publicly backed Trump despite being a long-time Democrat donor.
Ackman emphasized his supportive stance towards Trump and criticized President Joe Biden in a post on X.
”
I am going to formally endorse
@realDonaldTrump
. I came to this decision some time ago as many
@X
followers have already understood from my supportive posts of Trump and my criticisms of
@POTUS
Biden.
The reason why I have not yet formally done so is that I want to explain my thinking in detail and address the arguments put forth by others against Trump. I want to make the case thoughtfully and convincingly.
Today, when one announces an intention to support Trump, Biden supporters who know me tend to assume that I have lost it. I assure you that I have made this decision carefully, rationally, and by relying on as much empirical data as possible.
It will take a long-form post to explain my thinking. I might even break my own record. I just haven’t had the time nor felt the urgency to write the post as we are still a few months from the election.
I am explaining my conclusion now in response to many questions I have received on the topic so that I am formally on the record.
You of course don’t need to care about my opinion so feel free not to read my post when it appears. That said, I believe the upcoming presidential election is one of the most consequential elections in my lifetime so I am taking the proper time to articulate observations that I will share widely and for which I assume an important responsibility.
I have had the benefit of spending a few hours recently with President Trump so I will have some first hand observations to share.
As always, I respect everyone’s right to form and share their own views on this important topic.
Please keep an open mind on the upcoming presidential election. Bear in mind that your views on Trump have likely been dramatically affected if you have sourced your info on Trump from mainstream media or friends or family who have relied on mainstream media as a source of knowledge.
We have all recently learned in the starkest manner (the debate) how we cannot rely on the MSM as our source of truth on the ultimate political question.
Remember, media organizations are like sports teams that run plays chosen by their owners and executed by the coaches they hire. They are not unbiased arbiters of the truth.”
https://x.com/BillAckman/status/1812308245194682749
Iindividuals such as venture capitalists David Sacks and Chamath Palihapitiya organized a fundraiser for the former president in early June.
The event successfully raised $12 million from donors who had not previously contributed to Republicans or Trump.
The surge of support for Trump among Silicon Valley elites underscores their growing alignment with conservative political figures.
However, it is important to note that Elon Musk, America PAC, and the Trump campaign have not responded immediately to requests for comment from media outlets.
In summary, Elon Musk’s reported commitment of $45 million per month to a super PAC supporting Donald Trump’s presidential bid reflects an emerging trend of increased backing from influential individuals within Silicon Valley.
This development signals a shift in political endorsements and fundraising activities among prominent figures with significant financial resources and influence in American politics.
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1 Comment
So many good emails from people running for office but apparently do not want info from people like me on Social Security and have had to cut back on food, entertainment or trip to see new grandkids. AND a donation
, which is all they REALLY want, will have my cutting back on something else. Cream in my coffee? Needed haircut? CHOCOLATE?