Elon Musk plans to give $45 million a month to pro-Trump super PAC, WSJ reports

Elon
Musk
has
said
he
is
planning
to
pledge
about
$45
million
a
month
to
a
newly
formed
super
PAC
backing
former
President

Donald
Trump‘s
White
House
bid,

the
Wall
Street
Journal
reported
Monday,
citing
people
familiar
with
the
matter.

Musk
had
not
given
any
money
to
that
group,
called
America
PAC,
as
of
the
end
of
June,
according
to
a

quarterly
financial
filing
submitted
to
the
Federal
Election
Commission
on
Monday
evening.

It
is
unclear
if
he
has
donated
in
July.
Emails
to
Musk’s
associates
were
not
immediately
returned
late
Monday.

But
the
super
PAC,
which
was
formed
in
late
May,
has
received
contributions
from
other
high-profile
entrepreneurs,
including


Palantir
co-founder
Joe
Lonsdale
and
crypto
billionaires
Cameron
and
Tyler
Winklevoss,
the
filing
showed.

Lonsdale
donated
$1
million
to
America
PAC
through
Lonsdale
Enterprises,
an
entity
linked
to
the
eponymous
tech
investor,
multiple
outlets
reported.

The
Winklevoss
twins
each
donated
$250,000
to
the
super
PAC,
the
FEC
filing
showed.

Lonsdale
could
not
immediately
be
reached
for
comment.

America
PAC
brought
in
$8.8
million
and
spent
$7.8
million
between
its
inception
and
the
end
of
June,
leaving
it
with
just
under
$1
million
in
cash
on
hand,
according
to
the
FEC
filing.

Musk,
the
CEO
of
Tesla
and
SpaceX
and
one
of
the
world’s
richest
people,

officially
endorsed
Trump
on
Saturday,
minutes
after
the
Republican
presidential
nominee
survived
an
assassination
attempt
at
a
campaign
rally.

The
report
of
Musk’s
pledge
to
help
Trump
defeat
President

Joe
Biden
came
on
the
first
day
of
the
Republican
National
Convention
in
Milwaukee,
where
Trump
secured
enough
delegates
to
officially
become
the
GOP
nominee.

Read
the
full
report
from
The
Wall
Street
Journal.

—

CNBC’s
Lora
Kolodny
contributed
to
this
report.