Here's Just How Massive Elon Musk's $75 Million Trump Donation Is
According to filings released by the US Federal Election Commission on Tuesday night, Elon Musk, founder
of SpaceX and owner of X, is now one of the biggest donors to Donald Trump’s campaign. Since publicly
endorsing Trump on the heels of the July assassination attempt against him in Butler, Pennsylvania, Musk
has donated close to $75 million to the his own political action committee, America PAC, which is
aggressively campaigning on the ground in swing states for the Trump campaign.
Musk has been one of many Silicon Valley elites who have expressed their support for Trump. Peter Thiel,
billionaire and cofounder of Palantir, has been a longtime Trump supporter (though he said he would not
be donating to candidates in 2024), and venture capitalist David Sacks, who is also a friend of Musk’s,
has also thrown his support to the Republicans. Trump has also received support from PACs and
individuals in the crypto space.
But Musk has put more money into the Trump campaign than nearly any other individual from the tech
industry. In addition to his support for the America PAC, he also donated more than $289,000 to the
National Republican Congressional Committee. While some companies and institutions in Silicon Valley,
like venture firm Andreessen Horowitz, have backed Trump, individual donors from those same companies
may not. For instance, Marc Andreessen and his business partner Ben Horowitz each donated $2.5 million
to the pro-Trump Right for America PAC last quarter. Andreessen has also donated to the Democratic
Congressional Campaign Committee; Horowitz has backed Democratic campaigns as well, and in early October
said he would support Harris rather than Trump going forward.
The graphic below focuses specifically on donations that help Trump directly, rather than GOP giving
more broadly. You can see a breakdown of how much each person gave—and where the money went—by scrolling
over or tapping each name.
Sacks donated only $6,600 to Trump’s campaign directly, but $114,500 to the Republican National
Committee and $250,000 to the Trump 47 PAC. Tyler and Cameron Winklevoss, who run the crypto exchange
Gemini, each donated more than $350,000 to the Make America Great Again PAC, which supports the Trump
campaign. The twins also donated $250,000 each to the America PAC. Shaun Maguire, a partner at the
venture firm Sequoia Capital, has donated $500,000 to the America PAC, $300,000 to the Trump 47 PAC, and
$6,600 to the Trump campaign directly. Billionaire and early Tesla backer Antonio Gracias donated $1
million to the America PAC, as did Palantir cofounder and venture capitalist Joe Lonsdale. Kenneth
Howery, a PayPal Mafia member and former ambassador to Sweden under Trump, put $1 million into America
PAC in addition to smaller direct contributions to the Trump campaign.
Musk has contributed more to the Trump campaign than all of them combined, several times over. That puts
him in a league with Trump’s most lavish donors, including Miriam Adelson, the widow of Sheldon Adelson,
who donated $95 million to the pro-Trump Preserve America PAC over the past three months—including $45
million in September alone. Billionaire Timothy Mellon, heir to the Mellon railroad fortune, remains the
campaign’s largest donor, having put at least $115 million in the Make America Great Again PAC just this
year.
Musk’s largesse, combined with his vocal support of Trump on the platform he controls, has been a
windfall for Trump in an increasingly close presidential race. He’ll continue trying to get out the vote
in person this weekend with a series of appearances in Pennsylvania.