Elon Musk gave another $56 million to elect Donald Trump and other Republicans in the final weeks of the 2024 election, bringing to at least $132 million the amount spent by the world’s richest person to elevate his allies to the White House and Congress, federal filings show.
The donations — revealed in disclosures with the Federal Election Commission Thursday — show that the Tesla Inc. and SpaceX chief executive officer has poured money into the Washington trifecta: funding Trump’s White House bid, along with supporting House and Senate Republicans.
Musk, who had only given modest political donations until the 2024 election cycle, funneled $43.6 million in the first half of October into America PAC, the group he founded, bringing his total for the year to $118.6 million. He also spent millions more spreading money around the political system which helps him build a network of allies.
The relationship that you and I have with money is fundamentally different from the relationship these ultra-rich have with money, though. It is an addiction for them. Spending money without a guaranteed return is anathema to them, it just isn’t done, no matter how small the amount.
He has a motive behind these expenses. And I really think it is because he is afraid. Terrified, in fact, of what happens after Trump isn’t elected.