A new Austin-based Super Pac said to be raising money for Trump reported raising $8.5 million, much of it from tech titans. A source says Musk will also donate.
Elon Musk's friends from the tech world are among donors to America PAC, a new pro-Trump super PAC. Musk is also expected to contribute to it. , reported on Monday that it received donations ranging from $500,000 to $1 million from prominent tech titans, including associates of Elon Musk.
Among the donors are former Tesla board member Antonio Gracias, Palantir co-founder and Austin-based tech investor Joe Lonsdale and Sequoia Capital investor Shaun Maguire. Lonsdale and Doug Leone, a partner at Sequoia, each contributed $1 million, as did Gracias, while Maguire gave $500,000 to the effort. The Austin-based super PAC was formed in May and the report covers donations through June 30.
Musk also plans to give money to the group, said a person familiar with the organization, who spoke on the condition of anonymity to describe sensitive matters. Bloomberg reported on Friday that Musk had already donated to the group. His name was not included in Monday’s filing, but he could have donated more recently.The donations boosted Trump’s campaign coffers at a time when his fundraising had lagged President Biden’s.Summary is AI-generated, newsroom-reviewed.
Several of the donors attended a recent $50,000-a-head fundraiser at the San Francisco home of investor and podcast host David Sacks, a friend of Musk’s.
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