Elon Musk is planning significant financial infusions in support of Donald Trump's presidential campaign through the newly created America PAC committee, which is causing a stir in US political circles.
Musk's support for Trump
Billionaire's financial plans
According to Reuters, citing the Wall Street Journal, the famous entrepreneur Elon Musk intends to allocate about 45 million dollars every month to the recently founded American Coalition Election Committee (America PAC). This organization actively supports the candidacy of Donald Trump in the presidential race.
America PAC Activities
Musk has indicated his intention to start funding as early as July, although his name did not appear in the committee's report filed on Monday. According to the documents, in three months of operation America PAC managed to accumulate more than 8 billion dollars in contributions.
Among Trump supporters, America PAC stands out as spending the most on direct interaction with the electorate. The committee has already spent $15.8 million, of which $13.1 million was directed toward "field operations." In addition, the foundation finances media campaigns, sending text messages and phone calls to communicate with voters, according to Bloomberg.
Other influential donors
In addition to Musk, other well-known personalities are noticeable among the patrons of the coalition. In particular, Joe Lonsdale, co-founder of Palantir Technologies, donated $1 million, and the Winklevoss twin brothers - $250,000 each.
Public support for Trump
Last Saturday, Musk publicly expressed his support for Trump for the first time in the context of the US presidential election. This happened shortly after an incident at a campaign rally where Trump was hit in the ear. Reuters sees this move as confirmation of the shift in Musk's political views to the right. Recently, he reaffirmed his position.
On November 5 this year, the 60th presidential election will be held in the USA. The main contenders will traditionally be the representatives of the two leading parties: from the Democratic Party - current President Joe Biden, and from the Republican Party - former President Donald Trump.
Glossary
- Elon Musk is an American entrepreneur, engineer and billionaire, founder of SpaceX and Tesla
- Donald Trump - the 45th president of the United States, candidate of the Republican Party in the 2024 elections
- America PAC - American coalition the election committee created to support Trump
- Joe Biden - the 46th and current President of the United States, the candidate of the Democratic Party
- Palantir Technologies is an American company specializing in data analysis
Links
- Reuters on Musk's plans
- Bloomberg on the activities of America PAC
- Elon Musk's tweet supporting Trump
Answers to questions
What amount does Elon Musk plan to allocate to support the presidential Trump's campaign?
When does Musk plan to start his donations?
How much money has America PAC raised in three months of operation?
Besides Musk, who else are notable America PAC donors?
When will the next US presidential election be held?
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Discussion of the topic – Elon Musk invests millions in support of Trump: what is behind this decision?
Elon Musk plans to allocate about $45 million per month to the newly created committee to support Donald Trump in the presidential campaign. This decision of the billionaire causes considerable interest and discussion in political and business circles.
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Olena
Wow, Musk is so actively supporting Trump! 45 million every month is a lot of money! 🤑 I wonder how this will affect the election?
Hans
Yes, Olena, that's a really impressive amount. But don't forget that Musk is one of the richest people in the world. For him, it is like buying coffee for us ☕️ The main question is whether this support can really change the course of the elections?
Sophie
I'm more interested in why Musk suddenly started supporting Trump. Before, he seemed more neutral in politics. Maybe there are some ulterior motives? 🤔
Giovanni
Sophie, maybe it has something to do with Musk's business interests. Trump is known for his support of American business. Or maybe Musk was simply disappointed in Biden's politics? 🚀💼
Jurij
But what about this policy! They are all the same - Trump, Biden, and Musk. Money sticks to money, and ordinary people both lived and live. Nothing will change, no matter who wins. 😒
Olena
Jurij, I understand your skepticism, but you can't be so pessimistic about everything. Change is happening, just sometimes slowly. And as for Musk - he is still an innovator, maybe his support will bring something new to politics? 🌟
Hans
It's interesting that America PAC spends so much on field operations. It can be more effective than traditional advertising. Does anyone know exactly how they work with voters? 🗳️
Sophie
Hans, I read that they actively use social networks and messengers to communicate with voters. This allows for a more personalized approach to each population group. I think it can be very effective in today's world 📱💬