Musk’s planned cash infusion could help build Trump’s fundraising advantage over President Joe Biden, who has suffered from a donor revolt in recent weeks.
Then-President Donald Trump with billionaire Elon Musk at the Kennedy Space Center in Cape Canaveral, Fla., May 30, 2020.Palantir’s Joe Lonsdale and crypto billionaires Cameron Winklevoss and Tyler Winklevoss are among other big donors to the group, America PAC, which is working to reach out to voters to convince them to show up to the polls in November.
Musk—who didn’t contribute until July, according to a person familiar with the matter—wasn’t listed in the report, which includes donations made between the PAC’s founding on May 22 and the end of June. Citadel’s Ken Griffin and Paul Singer, founder of Elliott Investment Management, who’ve both been critics of Trump, met with the former President to discuss donating to his White House bid. Neither man has made a commitment to donate.with Trump, which plunged the Democratic Party into an internecine struggle between his supporters and those who would prefer a different standard bearer, accelerated the move to Trump.
A super-PAC matching those efforts on Trump’s behalf gives Republicans a major cash advantage to spend official campaign money elsewhere, in what is shaping up to be the most expensive presidential election in U.S. history.
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