The Owner of X, Elon Musk plans to donate approximately $45m each month to a new super political-action committee (Super PAC) supporting Donald Trump‘s election bid.
According to those familiar with the report, Musk’s donations will go to a group dubbed America PAC, which will focus on supporting Trump by promoting voter registration, early voting and mail-in ballots among residents in swing states ahead of the November general election.
Musk formally endorsed Trump’s candidacy for US president on Saturday after the former president survived a shooting at a political rally in Pennsylvania.
Though individual campaign donations in the United States are capped at $3,300 per person, loopholes in the campaign finance system allow political mega donors to contribute to funds known as political action committees or “PACs,” which support candidates.
