Elon Musk Donates $45 Million to Pro-Trump PAC, Report Says
In a shocking move, billionaire entrepreneur Elon Musk has pledged to donate $45 million each month to America PAC, a pro-Trump super PAC, in the run-up to the election. This comes after Musk endorsed Donald Trump for the first time in the aftermath of Saturday’s assassination attempt.
According to a report from The Wall Street Journal, Musk plans to pledge the massive sum to the PAC, which is backed by other notable figures including Joe Lonsdale, the cofounder of Palantir Technologies, Joe Craft, the CEO of coal company Alliance Resource Partners, and the entrepreneurial Winklevoss twins.
This is not the first time Musk has been involved in politics. He has ramped up his political involvement in recent years, and has been a vocal supporter of Trump’s policies. However, this is the first time he has publicly endorsed the former president.
Musk’s decision to donate to the PAC has been met with criticism from some quarters. President Joe Biden’s campaign has blasted the move, calling it "arrogant." "Arrogant billionaires only out for themselves are not what America wants or what America needs," James Singer, a spokesman for the Biden campaign, told Bloomberg in a statement. "Elon knows Trump is a sucker who will sell America out, cutting his taxes while raising taxes on the middle class by $2,500."
Representatives for Musk did not immediately respond to a request for comment from Business Insider.
Musk’s decision to support Trump comes after months of reports that he and his billionaire friends were strategizing ways to defeat Democrats in this year’s election. It remains to be seen how this will impact the election, but one thing is certain: Elon Musk is putting his money where his mouth is.
Read the original article on Business Insider.