Elon Musk Denies Alleged $45m Monthly Funding for Trump

Elon Musk has refuted claims that he will spend $45 million a month to support former President Donald Trump, despite creating a new super political action committee (PAC) to aid the Republican candidate.

In an interview on Monday hosted on his platform, X, Musk clarified that media reports about his financial commitment were inaccurate.

“What’s been reported in the media is simply not true. I am not donating $45 million a month to Trump,” Musk stated.

The Wall Street Journal had reported the $45 million figure, citing sources “familiar with the matter.” The outlet has yet to issue a retraction or correction regarding the report.

Musk did confirm the establishment of the America PAC, a super PAC designed to support Trump through independent expenditures like ads and operational costs.

Unlike traditional PACs, super PACs can raise unlimited funds but do not directly donate to campaigns. This model was endorsed following a 2010 D.C. appeals court decision.

Among the donors to America PAC are several tech industry leaders, including Ken Howery, Antonio Gracias, Sequoia Capital’s Shuan Maguire, and the Winklevoss twins.

The PAC is also led by Joe Lonsdale, a venture capitalist and co-founder of Palantir, who is known to be close to Musk.

Musk emphasiSed that America PAC is intended to be nonpartisan and not aligned with the “MAGA” movement. He prefers the slogan “Make America Greater,” reflecting his belief in core American values.

“I don’t prescribe to [a] cult of personality,” Musk said. He added that Trump demonstrated “great courage” after being shot by an attempted assassin on July 13, and that strength helps intimidate America’s enemies.

Discussing his shift from previous Democratic support, Musk criticised the current Democratic Party for what he perceives as censorship and government overreach.

He argued that his values, such as meritocracy and minimal government intervention, are better represented by the Republican Party.

Musk also expressed dissatisfaction with the Justice Department’s lawsuit against his company, SpaceX, which alleged discouragement of refugee and asylum seeker applicants. The lawsuit was subsequently blocked by a court order.

Chioma Kalu

Follow us on: