Elon Musk put more than $100 million of his own money into aiding the Trump campaign, and now that President-elect Donald Trump is set to return to 1600 Pennsylvania Ave., he’s about to see what his money bought him.
The tech mogul endorsed Trump back in July, after the first assassination attempt on Trump’s life, and quickly offered his deep financial resources to help the campaign. In total, Musk donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings.
“We have a new star,” Trump said at Mar-a-Lago, addressing supporters while claiming his victory. “A star is born — Elon. He is an amazing guy … He’s a character, he’s a special guy, he’s a super genius. We have to protect our geniuses. We don’t have that many of them. We have to protect our super geniuses.”
Trump also said he loves Musk. The tech mogul, who was also at Mar-a-Lago along with the campaign, said, “The people of America gave [Trump] a crystal clear mandate for change tonight.”
Before it was clear the contest was headed in Trump’s favor, Musk told reporters he wasn’t planning on letting up, saying he’s going to be a financial force in the 2026 midterm elections.
“America PAC is going to keep going after this election — preparing for the midterm elections and any intermediate elections, as well as looking at elections at the District Attorney and sort of judicial levels,” Musk said. “Something has to be done to counter the damage that Soros has done to the American system.”
Both Trump and Musk discussed their growing relationship on the campaign trail. The tech billionaire entrepreneur went as far as gifting registered voters in battleground states $1 million a piece. Musk was warned by the federal government about the potential illegality of doing so, but won in court.
Musk has also used his massive following on X, the platform previously known as Twitter, which he owns, in his efforts to boost the former president’s candidacy and to denigrate Vice President Kamala Harris.
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In September, Trump floated the idea of tapping Musk to lead a “government efficiency commission,” which would attempt to cut wasteful government spending and regulations, while Musk claimed in late October that he would find “at least $2 trillion in cuts,” as a part of such a review.
Musk posted a photo on X of himself in the Oval Office.
Musk’s businesses have several government contracts, and Trump’s return to the White House could lead to additional ones, but Trump’s stance on electric vehicles is largely contradictory to Musk’s Tesla business.