From Hilary Braseth <[email protected]>
Subject The OpenSecrets Donor Newsletter: A major political investment by the wealthiest person in the world
Date October 25, 2024 9:56 PM
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[link removed] [[link removed]] OCTOBER 25, 2024
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Musk is placing a high bet on the presidential election
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Elon Musk has poured over $118 million into America PAC, a super PAC focused on Trump’s reelection and mobilizing voters in crucial swing states that Musk launched earlier this year.
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OpenSecrets launches upgraded website and new look
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OpenSecrets is excited to announce the launch of its fresh new brand identity and a streamlined website experience designed to make exploring the world of political finances more intuitive and accessible.
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Chart of the week
Dive deeper into the data behind the headline
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What To Know
Billioanire Elon Musk is leveraging his influential platform and brands this election season to throw his weight behind former President Donald Trump’s 2024 presidential bid.
Musk has poured over $118 million into America PAC, a super PAC focused on Trump’s reelection and mobilizing voters in crucial swing states that Musk launched earlier this year.
By The Numbers
Musk did not start making 2024 federal political contributions until this summer but quickly ramped up giving during the final months of the election. In less than two weeks from Oct. 4 to Oct. 15, Musk steered $43.6 million to America PAC, OpenSecrets analysis of its latest filing submitted Oct. 24 found.
Dig Deeper
OpenSecrets’ analysis places Musk among the most influential figures set to impact the razor-thin 2024 presidential and congressional races.
Musk’s major companies, Tesla and SpaceX, are no strangers to political influence, ranking in the top 10% of organizations tracked by OpenSecrets for lobbying and political contributions from their affiliates.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
As Trump claims U.K. Labour Party election meddling, CBS News investigates foreign agent campaign donations [[link removed]] ( CBS News )
Over $33.5 million in individual political contributions came from registered foreign agents and lobbyists during the 2020 election cycle, according to analysis conducted by the OpenSecrets organization.
Crypto bets big on Republicans in congressional races [[link removed]] ( Axios )
Protect Progress, the Fairshake-affiliated PAC for Democrats, is supporting two competitive Democratic Senate candidates this cycle —Rep. Ruben Gallego in Arizona and Rep. Elisa Slotkin in Michigan. It has also contributed to 15 House candidates, according to OpenSecrets.
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