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Elon Musk Emerges as Top Political Donor of 2024 Election Cycle

Elon Musk, the top donor of the 2024 election, spent over $260M, including funding secretive RBG PAC ads aligning Trump with Ginsburg on abortion.

Elon Musk speaks during a rally for Donald Trump at Madison Square Garden in New York, on Oct. 27. | Angelina Katsanis/POLITICO

Elon Musk, the world’s richest man, became a major political player in the 2024 election, pouring over $260 million into various campaigns and super PACs. Among his efforts was a secretive contribution of $20.5 million to RBG PAC, a group that spent millions on controversial ads aligning Donald Trump’s abortion stance with that of the late Supreme Court Justice Ruth Bader Ginsburg.

Musk’s Influence Through RBG PAC

RBG PAC’s ads claimed Ginsburg and Trump shared similar views on abortion, despite Ginsburg’s well-documented support for women’s rights and opposition to Trump’s judicial policies. The ads, featuring the tagline “great minds think alike,” aimed to counter Democrat attacks on Trump’s abortion stance after the Supreme Court overturned Roe v. Wade, leading to abortion bans in over a dozen states.

Musk’s funding of RBG PAC was revealed after the election, with the $20.5 million contribution made on October 24. The timing ensured it would not surface in campaign finance disclosures until after voting concluded.

Musk’s Broader Political Spending

Musk’s political activities extended beyond RBG PAC. His primary vehicle, America PAC, raised $252 million this cycle, funding canvassing, mailers, and an ambitious petition campaign with cash incentives for participants. Musk also directly contributed to several GOP-linked groups, including $3 million to a super PAC tied to Robert F. Kennedy Jr. and nearly $1 million to Trump’s campaign and affiliated committees.

His total spending of more than $260 million makes him likely the largest individual donor of the 2024 election cycle, cementing his influence on both presidential and down-ballot races.

A New Role in Politics

Musk’s involvement in politics didn’t stop at donations. He endorsed Donald Trump, appeared with him on the campaign trail, and is expected to advise Trump under the proposed Department of Government Efficiency. This marks a significant shift for the tech mogul, who has previously been known for his business ventures rather than political activism.

Controversy and Impact

The secretive nature of Musk’s funding for RBG PAC and its controversial messaging has drawn criticism. Justice Ginsburg’s own stated opposition to Trump’s policies, including her desire not to be replaced by him, starkly contrasts with the ads’ claims. Critics argue this strategy highlights the polarizing tactics employed in the 2024 election.

Conclusion

Musk’s unprecedented spending and strategic influence demonstrate his growing role in shaping American politics. As the dust settles on the 2024 election, his actions will likely remain a point of debate regarding the impact of billionaire donors in modern campaigns.

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