Musk Could Join Some Silicon Valley Moguls in Funding Trump's Presidential Bid: Report
U.S. technology and business leaders, including Palantir Technologies Inc (NYSE:PLTR) co-founder Joe Lonsdale, venture capital pioneer Doug Leone, and the Winklevoss twins, have donated to a new super-political action committee supporting Donald Trump’s presidential bid.
America PAC has raised more than $8.7 million since its launch in June, the Financial Times cites from a public filing.
Several $1 million donations came from Silicon Valley investors who have recently publicly supported Trump.
The donors include Sequoia partner Shaun Maguire, Valor Equity Partners founder Antonio Gracias, Doug Leone, and Joe Lonsdale.
The Winklevoss twins, Cameron and Tyler Winklevoss, each contributed $250,000. Additionally, coal titan Joe Craft, CEO of Alliance Resource Partners (NASDAQ:ARLP), and Jimmy John Liautaud, founder of the Jimmy John’s sandwich chain, made $1 million in donations.
One person with direct knowledge of the super PAC mentioned that Elon Musk plans to commit $45 million a month, WSJ report says.
However, Elon Musk ‘denied’ the report, although not directly but via a meme posted on his social media platform X.
Traditionally considered a liberal stronghold, Silicon Valley has seen some tech leaders shift politically to the right, driven by dissatisfaction with President Joe Biden’s policies on regulation and taxes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos by Frederic Legrand – COMEO on Shutterstock