Musk is donating $45 million a month to pro-Trump PAC in shooting’s aftermath

Elon Musk, one of the world's richest people, is planning to donate roughly $45 million every single month to a PAC backing Donald Trump's presidential campaign, according to reports.

The Tesla and SpaceX boss, who also owns the social media platform X, had already reportedly donated a "sizeable amount" to a pro-Trump fundraising group , but the amount was unknown.

Now, The Wall Street Journal has reported the longtime electric vehicle advocate will be donating the staggering monthly sum to a new pro-Trump super PAC alongside coal billionaire Joe Craft, Palantir co-founder Jo Lonsdale and the Winklevoss twins, citing anonymous sources.

It comes Musk publicly endorsed Donald Trump for the first time following Trump's attempted assassination on Saturday, marking a new milestone in his years-long journey from self-described "centrist" and "utopian anarchist" to red-pilled conservative crusader .

"I fully endorse President Trump and hope for his rapid recovery," Musk posted on X, formerly Twitter, shortly after the attack.

Hours later, discussing the apparent security failures that allowed a gunman to get so close to Trump, Musk added: "Extreme incompetence or it was deliberate. Either way, the Secret Service leadership must resign."

The $45 million per month would be a very large political donation in the context of American politics, although not overwhelming.

During the 2020 election, pro-Trump campaign groups raised a total of just under $1.1 billion , according to the campaign finance non-profit OpenSecrets, while pro-Biden groups raised around $1.62 billion .

In 2024 so far, pro-Trump groups have hauled in roughly $388 million , while pro-Biden groups netted $391 million . The biggest donors in the 2020 cycle, counting all federal elections, were reportedly Sheldon and Miram Adelson, with a total of $218 million, and Michael Bloomberg, with a total of just under $153 million.

Hence, if Musk indeed donates $45 million each month July through October – $180 million altogether – that would represent about 9 percent of the entire campaign chest of 2020's winning candidate.

The Biden campaign fired back at Musk's decision to back Trump, branding him an "arrogant billionaire only out for [him]self" who was seeking tax breaks at the expense of America's middle classes.