Tech billionaire Elon Musk has contributed $75 million to his pro-Trump America PAC over three months, cementing him as one of the biggest donors to the Republican campaign, according to campaign finance records filed Tuesday.
The filing with the Federal Election Commission shows America PAC spent about $72 million from July to September to woo voters to go for Trump. This super PAC aims to drive voter turnout in critical states that could determine the election outcome.
In July, Musk poured in $14.95 million to the super PAC. In August, he added $30 million and another $30 million in September, according to NBC News.
The figure contributed by the CEO of Tesla and SpaceX to his super pro-Trump PAC reportedly exceeds that of any other PAC aiming to mobilize pro-Trump voters.
According to the Hill, the super PAC has added more than $102.2 million into this year's presidential race since June. Of that, tens of millions of dollars have been spent on supporting the Republican presidential candidate and targeting his Democratic rival, Kamala Harris.
The super PAC also spent about $8.9 million opposing President Joe Biden before he withdrew from the White House race in mid-July, money-in-politics trackers at OpenSecrets reported.
The tally from OpenSecrets showed that the PAC became the seventh biggest spender of 2024 election cycle, all within just a matter of months.
Other top spenders in the top 10 include Future Forward USA, Make America Great Again Inc., Koch-affiliated Americans for Prosperity, Fairshake PAC, and other super PACs aligned with both Democratic and Republican Senate leadership.
After spending heavily in the third quarter, America PAC reported less than $4 million in cash on hand as of September 30, per the filing.
Besides Musk, other top contributors to Trump's campaign are venture capitalists Marc Andreessen and Ben Horowitz. Each of them shelled out $2.5 million in support of the former president, Bloomberg reported.
The pair announced their support for Trump in July, surprising many in Silicon Valley. "I'm going to have a lot of friends who are probably pissed off at me for saying anything nice about President Trump," Horowitz said at the time.
"So here we are, and for little tech, we think Donald Trump is actually the right choice," he said.
In October, he made another surprising announcement where he said that he would be making a "significant" donation to the Harris campaign, despite not endorsing her policies or having any prior knowledge of them. However, there's no record of any such contribution in federal filings to date.
