Musk pledges $45 million monthly to Trump campaign

Elon Musk plans to donate $45 million monthly to America PAC, a political committee supporting Donald Trump's candidacy for US president, reports the Wall Street Journal.

America PAC, established in June 2024, focuses on voter registration, early voting turnout, and promoting mail-in voting in crucial swing states that often decide election outcomes. Musk has enlisted support from allies, including Palantir co-founder Joe Lonsdale, a longtime backer of Ohio Senator James David Vance, named as Trump's vice presidential pick.

With a net worth estimated at $252 billion, Musk ranks among the wealthiest individuals globally.