Elon Musk's $290M Political Spending Boosted Trump and GOP in 2024

New FEC filings reveal Musk's record-breaking donations and his growing influence in the Trump administration.

Elon Musk spent over $290 million supporting Donald Trump and other Republican candidates during the 2024 election cycle, making him the largest political donor of the cycle.
Musk's contributions included $263 million to his America PAC, which funded targeted voter outreach in key swing states and controversial petition incentives costing over $50 million.
The billionaire's involvement has secured him a prominent role in the Trump administration as head of the newly created Department of Government Efficiency, tasked with cutting federal spending and regulations.
America PAC and other Musk-backed groups coordinated closely with Trump’s campaign under relaxed FEC rules, significantly aiding Republican get-out-the-vote efforts.
Musk plans to continue his political involvement, with America PAC expected to play a major role in the 2026 midterm elections and local races targeting progressive district attorneys.