Musk Donates Millions to GOP Causes, Revealing Early Political Contributions from 2022

Thursday, 3 October 2024, 13:21

Musk's donations of millions to GOP causes date back to 2022, marking an unexpected shift in his political engagement. Over $50 million was directed to groups linked to Trump, influencing key political campaigns. This financial backing highlights Musk's evolving role in political financing.
Thehill
Musk Donates Millions to GOP Causes, Revealing Early Political Contributions from 2022

Musk's Startling GOP Donations Revealed

Billionaire Elon Musk got involved in funding Republican causes as early as 2022, according to recent reports. This is much earlier than previously recognized timelines.

Massive Contributions to Political Causes

The Tesla and SpaceX CEO donated over $50 million to a group associated with Trump adviser Stephen Miller in late 2022. These funds were utilized to run ads that targeted Democrats ahead of the midterm elections.

Support for 2023 Presidential Bid

  • Musk contributed $10 million towards Florida Governor Ron DeSantis' presidential campaign.
  • More than half of this support was allocated to the pro-DeSantis super PAC Never Back Down.

Increasing Political Involvement

Moreover, Musk began contributing to another GOP group, Building America’s Future, in 2022. Even though the total amount remains unclear, this organization's revenue surged from $11 million in 2021 to $53 million in 2022.

Using Dark Money Groups

These donations were funneled through 501(c)(4) organizations, often referred to as “dark money” groups, which obscure the sources of their funding. Musk's move into this arena marks a significant pivot for someone who previously shied away from political engagement.

Public Endorsement for Trump

Recently, Musk has become more vocal in partisan discourse, endorsing former President Trump and amplifying right-wing perspectives on his platform, X. This shift culminated in Musk's formal endorsement of Trump following a violent incident against him.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe