According to a report by CNN on February 1, the latest documents show that American entrepreneur Musk spent more than $290 million on the 2024 U.S. presidential election. According to reports, documents submitted to the US Federal Election Commission on January 31 showed that Musk donated approximately US$11.2 million to the US "political action committee" (PAC) he funded, which brought his total political donations to more than US$290 million.
According to reports, Musk’s donations in 2024 are mainly to support Trump, and about US$250 million in funds flowed to the US “Political Action Committee” (PAC). In addition, he has donated millions of dollars to several other super PACs and related groups that support Republican candidates, and has written large checks to several state Republican committees.
According to reports, Musk is currently working for the Trump administration’s newly established “Department of Government Effectiveness” (DOGE). He said the Political Action Committee (PAC) plans to "continue its efforts" in the 2026 midterm elections.