Overview

• On June 27, Musk donated $5 million each to the Senate Leadership Fund, Congressional Leadership Fund and MAGA Inc., making him the largest individual donor to the first two in the first half of 2025.
• FEC filings show Musk has invested over $45 million into America PAC through June, funding canvassing, digital ads and voter engagement efforts.
• MAGA Inc.’s cash reserves reached nearly $196 million at the start of July, positioning it as the dominant GOP war chest for the 2026 midterms.
• Despite his financial backing, Musk’s public feud with President Trump continues, with Musk labeling Trump’s signature spending legislation “utterly insane and destructive.”
• Musk’s pledge to launch the America Party remains unrealized, with no formal FEC filings or organizational steps taken as of early August 2025.