Elon Musk's $15 Million Donation to Trump's MAGA and GOP Amid Third Party Bid

Elon Musk donated $15 million to President Donald Trump and the Republican Party in late June, just three days before he called for the formation of a third party, the America Party. Musk's donations were disclosed in campaign finance reports of pro-Trump groups. The Republican Party has been aggressively fundraising for the 2026 midterm elections, with Trump's super PAC, MAGA Inc., raising $177 million in the first half of the year.

Elon Musk has donated $15 million to President Donald Trump and the Republican Party, according to campaign finance reports of pro-Trump groups. This significant donation, disclosed on June 27, 2025, came just three days before Musk publicly called for the formation of a new political party, the America Party. The donation highlights Musk's continued influence in U.S. politics despite his recent feud with Trump and the Republican Party.

Musk's donation was made to the Senate Leadership Fund and the Congressional Leadership Fund, both of which aim to help Republicans retain their majorities in Congress after the 2026 midterm elections. This donation makes Musk the largest individual donor to each of these groups in the first six months of 2025 [1].

The Republican Party has been aggressively fundraising for the 2026 midterm elections. Trump's super PAC, MAGA Inc., has raised $177 million in the first half of the year, underscoring the party's efforts to maintain its political dominance [3]. The donation from Musk, one of the world's wealthiest individuals, adds to the party's coffers and could potentially sway the midterm elections.

Musk's political involvement has been a topic of debate. His donations to Republican super PACs and his role as a top White House adviser under Trump have drawn criticism from Democrats and potential customers for Tesla. However, his recent break with Trump and his pledge to form a new political party have added complexity to his political stance.

The donation and Musk's political activities raise questions about the role of billionaires in U.S. politics and the influence of super PACs in elections. As the 2026 midterms approach, Musk's continued involvement in politics will likely be a subject of interest for investors and financial professionals.

References:
[1] https://www.cnn.com/2025/07/31/politics/elon-musk-republicans
[2] https://www.bloomberg.com/news/articles/2025-07-31/elon-musk-gave-45-million-to-his-super-pac-making-him-among-top-donors
[3] https://www.newsmax.com/newsfront/gop-trump-vance/2025/07/31/id/1220793/