Elon Musk Plans to Return to Major Politics: Axios

Elon Musk intends to allocate "huge funding" to the Republican Party to strengthen its position in the upcoming midterm elections in the United States Congress. According to Axios, the billionaire is restarting the operations of his America PAC political fund. The funds will be aimed at mobilizing voters to support Donald Trump’s party.

Sources from Axios indicate that America PAC will finance targeted digital advertising, mail outreach, and door-to-door campaigns to persuade voters to vote in favor of the Republicans. Special attention will be given to voters who usually support Republicans in presidential elections but do not in congressional elections.

Musk’s representatives have not disclosed the exact amount of the intended investment. However, experts interviewed by Axios estimate that the figure will be "huge." The publication reminds that in the 2024 election cycle, America PAC spent over $260 million to support Donald Trump’s victory. With this funding, Musk has become the largest political donor in U.S. history.

According to Axios, even without Musk's contributions, Republicans currently have approximately $300 million more in resources than Democrats for their campaign.