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yesterday

Musk Pumps Millions Into GOP Super PACs as MAGA Inc. Banks $196 Million

His evolving donations follow a threatened third-party bid, signaling fractures in Republican campaign finance.

Elon Musk shows off a shirt that says "DOGE" as he walks on the South Lawn of the white House after stepping off Marine One upon arrival to the White House, on March 9, 2025.
Rep. Thomas Massie speaks to reporters following a series of votes at the US Capitol on March 11 in Washington, DC.
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Overview

  • On June 27 Elon Musk gave $5 million each to the Senate Leadership Fund and Congressional Leadership Fund and also $5 million to MAGA Inc., making him the top individual donor to the first two in the first half of 2025.
  • FEC reports show Musk has funneled $45.3 million into his own America PAC so far this year, including $27.4 million in in-kind contributions for million-dollar petition prizes.
  • Just days after his big donations Musk threatened to form the America Party on June 30 and officially announced it on July 5, though details on its structure remain limited.
  • Trump’s MAGA Inc. raised $177 million in the first six months of 2025 and entered July with $196 million in cash reserves poised to shape the 2026 midterm primaries.
  • These developments underscore how billionaire wealth and super PAC war chests are poised to reshape Republican campaign dynamics and raise questions about party cohesion ahead of next year’s elections.