Elon Musk plans to donate $45 million a month to pro-Trump super PAC, WSJ reports

Musk has mentioned he plans to commit about $45 million a month to a newly shaped tremendous PAC supporting the previous president Donald TrumpWhite Home Bid, The Wall Street Journal reported on Mondayciting folks aware of the matter.

As of the top of June, Musk had not supplied any funding to a bunch referred to as America PAC, in keeping with the group. Quarterly Financial Filing filed with the Federal Election Fee Monday evening.

It is unclear whether or not he donated in July. There was no speedy response to an electronic mail despatched to Musk’s colleagues late Monday.

However the tremendous PAC shaped in late Could has already acquired donations from different high-profile entrepreneurs, together with Palantir Co-founder Joe Lonsdale and cryptocurrency billionaires Cameron and Tyler Winklevoss, paperwork present.

In accordance with a number of media studies, Lonsdale donated $1 million to America PAC by Lonsdale Enterprises, an entity tied to the expertise investor of the identical title.

FEC filings present the Winklevoss twins every donated $250,000 to tremendous PACs.

Lonsdale couldn’t instantly be reached for remark.

In accordance with FEC filings, from its inception to the top of June, America PAC had income of $8.8 million, bills of $7.8 million, and fewer than $1 million in money readily available.

Musk is the CEO of Tesla and SpaceX and one of many richest folks on this planet. Officially support Trump Saturday, simply minutes after the Republican presidential candidate was assassinated at a marketing campaign rally.

Musk guarantees to assist Trump defeat president Joe Biden The primary day of the Republican Nationwide Conference befell in Milwaukee, the place Trump secured sufficient delegates to formally change into the Republican nominee.

Read the full WSJ report.

— CNBC’s Lora Kolodny contributed to this report.