Tech billionaire Elon Musk has announced his intention to donate $45 million per month to America PAC, a political group supporting Donald Trump's campaign for re-election. The PAC will focus on voter registration, early voting, and mail-in ballots in swing states, which are crucial for determining election outcomes.
Musk joins other major donors such as Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft, and crypto investors Tyler and Cameron Winklevoss. Musk's endorsement of Trump comes after the former president narrowly escaped an assassination attempt at a campaign event in Pennsylvania.
Loopholes in campaign finance regulations allow wealthy individuals to contribute to PACs, supporting candidates beyond the limits of individual donations. This move by Musk, the world's richest person with an estimated net worth of $250 billion, further strengthens Trump's re-election bid.
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