Elon Musk reportedly plans to give $45m a month to pro-Trump Super Pac

Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported.

The tech billionaire, who endorsed Trump two days ago, has already donated what was described as “a sizable amount” to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported.

Both news outlets’ reports on Musk’s donations relied on the accounts of unnamed people familiar with the plans of the tech billionaire, who, with an estimated net worth of $252bn, is one of the richest people in the world.

If Musk follows through with a donation of this scale, it would be “an extraordinary sum”, the Wall Street Journal reported, citing the largest known donation of the 2024 cycle so far as the $50m contributed to a Super Pac supporting Trump “by the great-grandson of banker Thomas Mellon”.

As of 30 June, Musk had not made any donations to the Super Pac, according to a review of records by the New York Times.

The America Pac has already been backed by some of Musk’s friends and allies in the tech world, the New York Times reported, including Joe Lonsdale, who co-founded the software company Palantir with Peter Thiel, a major political donor to Trump’s newly named vice-president, the Ohio senator JD Vance.

The Winklevoss twins, cryptocurrency entrepreneurs who have attacked Joe Biden for waging what they called a war on cryptocurrency through regulation, have also reportedly contributed to the effort, the Wall Street Journal reported. They hailed Trump as “pro-Bitcoin, pro-crypto, pro-business” in June.

America Pac, lauched this summer, is designed to mirror Democratic party turnout efforts by funding robust Republican get-out-the-vote efforts in swing states, the New York Times reported.

Musk said in March he would not be donating to either candidate for US president.