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Elon Musk shelled out nearly $300mn to support Trump in 2024 election; Check all details

Feb 02, 2025 05:17 PM IST

Elon Musk, the richest man in the world, shelled out over $290 million last year in a bid to assist GOP leader Donald Trump in the presidential race.

Elon Musk, the richest man in the world, shelled out over $290 million last year in a bid to assist GOP leader Donald Trump in the presidential race against former US VP Kamala Harris.

Elon Musk is currently in-charged of Trump's Department of Government Efficiency (DOGE), a recently established advisory group tasked with reducing federal spending through mass layoffs and budget cuts.(AFP)
Elon Musk is currently in-charged of Trump's Department of Government Efficiency (DOGE), a recently established advisory group tasked with reducing federal spending through mass layoffs and budget cuts.(AFP)

The revelation comes after Musk filed fresh documents with the Federal Election Commission (FEC), citing the amount spent in the final five weeks of 2024. The SpaceX CEO's total expenditure was over $250 million, as per FEC's filings reported in December.

Musk and freebies

According to documents in his most recent filings, Musk contributed over $11 million to his America PAC on New Year's Eve in order to fund his “petition incentives.” Musk, as per CNN, made end-of-year contributions in connection with the $1 million bonus for eligible voters who submitted a petition on his PAC's website during the last few weeks of the presidential campaign.

Despite legal hurdles, Musk was eventually permitted to proceed with the freebies. The Tesla CEO lost over $50 million as a result of the freebies, the filings disclosed.

The documents also show Musk sent $10,000 checks to other state Republican Party committees and donated millions to other Republican politicians, CNN reported.

Also Read: NASA's Sunita Williams speaks out as Trump tasks Elon Musk to bring back stranded astronauts; ‘We initially thought it…’

Musk donated $20.5mn RBG PAC; what is it?

The 2024 filing showed Musk provided $20.5 million to the RBG PAC, which was established in honor of the late liberal Supreme Court justice Ruth Bader Ginsburg. The group, which only received funding from Musk, promoted Trump's abortion policies and used a sizable amount of the funds for ads.

Ginsburg's granddaughter harshly criticized the group, calling it a “affront” to her legacy.

What is ahead for Musk?

Musk is currently in-charged of Trump's Department of Government Efficiency (DOGE), a recently established advisory group tasked with reducing federal spending through mass layoffs and budget cuts.

Musk stated that his America PAC will “keep grinding” after the 2024 presidential election, hinting that it may play a major role in the 2026 midterm elections.

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Read breaking news, latest updates from United States on topics related to politics, crime, along with national affairs. Stay up to date with news developments on Kamala Harris, Donald Trump,and Joe Biden along with Super Bowl 2025 Live Updates.
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Read breaking news, latest updates from United States on topics related to politics, crime, along with national affairs. Stay up to date with news developments on Kamala Harris, Donald Trump,and Joe Biden along with Super Bowl 2025 Live Updates.
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