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Elon Musk donates $75 million to Trump as a ‘down payment’ for possible role in future administration

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Elon Musk speaks as part of a campaign town hall in support of Republican presidential nominee former President Donald Trump in Folsom, Pa., Thursday, Oct. 17, 2024. (AP Photo/Matt Rourke)

Elon Musk Becomes Trump’s Biggest Donor with $75 Million Contribution

Elon Musk, the world’s richest man, has made a massive financial commitment to Donald Trump’s campaign, donating $75 million in the final weeks of the election. This sizable donation makes Musk the largest donor in the Trump campaign as they head into the crucial final stretch.

Musk’s Financial Influence in Pennsylvania

Musk’s latest contribution was made in the last three months to America PAC, a political action committee focused on securing the pivotal battleground state of Pennsylvania for Trump. The donation adds to the $96 million already spent by the PAC in recent months to boost Trump’s chances—much of which is also believed to have come from Musk earlier this year.

Musk’s impressive financial backing was revealed in a federal filing on Tuesday, providing America PAC with a substantial war chest to support Trump’s campaign in its final days.

BUTLER, PENNSYLVANIA – OCTOBER 05: Elon Musk leaps on stage with Republican presidential nominee, former President Donald Trump during a campaign rally from behind bullet resistant glass at the Butler Farm Show fairgrounds on October 05, 2024 in Butler, Pennsylvania. This is the first time that Trump has returned to Butler since he was injured during an attempted assassination on July 13. (Photo by Anna Moneymaker/Getty Images)

Trump’s Campaign Faces Financial Struggles

Trump’s campaign has been facing serious financial hurdles as Vice President Kamala Harris has outspent him significantly, with more than double the amount of donations. Harris is reported to have over $1 billion in funds, while Trump’s campaign has just over $300 million remaining. Musk’s contribution is a critical lifeline, offering much-needed support as Trump tries to close the gap.

Musk’s Commitment to Trump and Pennsylvania

Musk has also stated that he will return to Pennsylvania next week to personally engage in Trump’s re-election efforts. He has pledged to deliver the battleground state, which many believe will determine the outcome of the presidential race.

Trump’s Promised Role for Musk in His Administration

In apparent recognition of Musk’s support, Trump has promised to appoint the Tesla and SpaceX CEO to lead a commission auditing federal spending and regulations if he wins. Trump even mentioned that he would be “proud” to have Musk involved in his administration in some capacity.

Musk also has his eyes on space exploration, stating that with Trump’s help, he plans to bring humans to Mars within four years—during Trump’s potential next term in the White House.

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