Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Government Media Office in Gaza: The occupation’s latest crime is further evidence of its ongoing implementation of genocide through starvation.
Gaza Government Media Office: This is a methodical use of aid as a tool of war to blackmail hungry civilians.
Gaza Government media office: Massacre committed by occupation today is a blatant war crime under international law.
Al Mayadeen's correspondent: Waves of injured and martyrs continue to arrive at Nasser Medical Complex following the horrific massacre near the aid distribution centers in Rafah.
Al Mayadeen's correspondent in Gaza: 30 martyrs and 120 wounded by Israeli fire while heading to a 'US aid distribution site' west of Rafah.
Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas

Elon Musk poured $288mln. into Trump's presidential campaign

  • By Al Mayadeen English
  • Source: News websites
  • 2 Feb 2025 11:55
3 Min Read

Federal Election Commission fillings have declared Elon Musk the largest political donor of the 2024 elections.

Listen
  • x
  • Elon Musk reacts as President-elect Donald Trump speaks at a rally ahead of the 60th Presidential Inauguration, Jan. 19, 2025, in Washington. (AP)
    Elon Musk reacts as Donald Trump speaks at a rally ahead of the 60th Presidential Inauguration, on January 19, 2025, in Washington. (AP)

Elon Musk, CEO of SpaceX and Tesla, emerged as the largest political donor of the 2024 election cycle, contributing at least $288 million to Donald Trump’s presidential campaign, according to a Washington Post report based on new Federal Election Commission (FEC) filings.  

Following Trump’s victory, he appointed Musk to lead the newly established Department of Government Efficiency, designed to reduce federal spending and regulations.  

In a Friday article, the Washington Post noted that Musk’s massive financial contributions solidified his influence within Trump’s political network, with some critics referring to him as an “unelected co-president.”  

Much of Musk’s political donations were funneled through the America PAC, a super PAC he co-founded to boost Trump’s campaign by engaging low-turnout voters in key battleground states. The PAC raised $263 million, with backing not only from Musk but also from his close associates, including Tesla board member Antonio Gracias, Palantir co-founder Joe Lonsdale, and Sequoia Capital investor Shaun Maguire.

The report, which covered a timeframe starting November 26 until December 31, found that Musk, on the last day of the year alone, contributed $11.2 million worth of what is described as "petition incentives". 

Related News

Iran warns against politicization of IAEA, during critical period

US Envoy calls Hamas ceasefire response 'totally unacceptable'

Earlier FEC filings reported an in-kind contribution of nearly $40.5 million, bringing the total petition-related spending to at least $52.7 million.  

According to the newspaper, Musk's "investment in the 2024 election has already yielded significant returns," with his net worth increasing by over $200 billion since Trump's victory on November 5. This surge is largely due to Tesla's soaring stock price, which has risen about 70% since the election, substantially boosting Musk's wealth. As of mid-December, his fortune was estimated at approximately $442 billion.

Lawsuit dodged

The billionaire launched the initiative in October, promising "$1M to someone in swing states who signed our petition to support free speech & the right to bear arms." Additionally, those who signed could earn $47 for referring a registered voter in key battleground states, including Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin, and North Carolina.  

He was later called to court after a lawsuit was filed suing him and his pro-Trump political action committee for "an illegal lottery scheme."

Musk, alongside other parties, was called to attend a court hearing in Philadelphia in light of a recent lawsuit filed against the political action committee the billionaire is in control of, aiming to stop it from awarding registered voters with one million dollars in battleground states ahead of the November 5 elections. 

However, the judge refused to block the rewards, leaving Musk off the hook. 

Read more: DOJ asked to probe Musk's effort to pay voters for Trump ballots

  • United States
  • Elon Musk
  • US elections 2024
  • Donald Trump

Most Read

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS