Elon Musk and Tech Elite Support Trump with Millions in Donations
Elon Musk, the tech billionaire, has pledged to donate $45 million per month to a new fund aimed at supporting Donald Trump's reelection campaign, according to reports. The fund, called America PAC, will focus on voter registration, early voting, and mail-in voting in swing states.
Musk is one of several major donors to the fund, which also includes Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft, and crypto investors Tyler and Cameron Winklevoss. Musk recently announced his full support for Trump and hopes for his quick recovery after narrowly escaping an assassination attempt during a campaign event in Pennsylvania.
Despite individual campaign donations being limited to $3,300 per person, loopholes in the campaign finance system allow large donors to contribute to supporting funds for candidates.
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