Elon Musk has said he plans to commit around $45 million a month to a new super political-action committee backing former President Donald Trump’s presidential run, according to people familiar with the matter.
Other backers of the group, called America PAC, include Palantir Technologies PLTR -2.70%decrease; red down pointing triangle co-founder Joe Lonsdale, the Winklevoss twins, former U.S. Ambassador to Canada Kelly Craft and her husband, Joe Craft, who is chief executive of coal producer Alliance Resource Partners ARLP 0.07%increase; green up pointing triangle.
Formed in June, America PAC is focused on registering voters and persuading constituents to vote early and request mail-in ballots in swing states, according to one of the people. The coalition assessed that the Democrats have historically had very robust “get out the vote” campaigns and took note of the amounts of money that the Biden camp has dedicated to what are called on-the-ground efforts in swing states. America PAC will try to counter that.
Musk is currently the world’s richest person, with an estimated fortune exceeding $250 billion. The amount that he has said he plans to commit to America PAC is an extraordinary sum.
