Musk Could Join Some Silicon Valley Moguls in Funding Trump's Presidential Bid: Report

U.S. technology and business leaders, including Palantir Technologies Inc 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.

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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 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.

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