Billionaire entrepreneur Elon Musk may no longer be serving in the Trump White House, but he continues to pour his fortune into Republican causes—particularly those backing President Donald J. Trump’s America First movement.

On June 27, Musk donated $5 million each to two powerhouse super PACs supporting Republican efforts to retake and expand majorities in the House and Senate, according to newly filed campaign finance records. On the very same day, Musk also delivered another $5 million to Trump’s official super PAC, MAGA Inc., making him the top individual donor to all three groups during the first half of 2025.

Musk’s political investments don’t stop there. Records show he committed $45.3 million to his own political arm, America PAC, in the first six months of the year. That includes $27.4 million in in-kind donations and $17.9 million in direct contributions—funding everything from field canvassing to million-dollar voter petition reward initiatives.

America PAC reported $47.3 million in spending during that same window, with a heavy push around the April 1 special elections in Florida and the Wisconsin state Supreme Court race. The PAC shelled out $15.5 million that week alone and invested millions more in digital ads, mailers, phone campaigns, and an aggressive ground game.

Yet despite Musk’s political spending spree, the full picture of his influence is still coming into focus. Not all organizations receiving his support are required to publicly disclose donors. Additional reports from other super PACs are expected as the FEC’s Thursday midnight filing deadline nears.

During the 2024 cycle, Musk spent over $250 million—most of it to help reelect President Trump. But his political ambitions now appear to stretch beyond campaign contributions.

Last month, Musk announced plans to launch a third political party—the so-called “America Party”—a move that caught fire online but quickly fizzled with the general public.

A CNN poll conducted from July 10–13 revealed that while 63% of Americans say they’d support a new political party to challenge the establishment, 74% said they would not support one led by Elon Musk. Just 25% were willing to back the world’s richest man in that role.

CNN’s data analyst Harry Enten didn’t sugarcoat it:

“Jeez Louise, Musk’s 3rd party looks close to dead on arrival,” he posted on X.

Worse still for Musk’s personal brand, the same poll showed his favorability rating in the gutter, with only 23% viewing him positively and a stunning 60% viewing him unfavorably. The survey had a ±3.5% margin of error.

So far, Musk’s “America Party” has failed to articulate a coherent platform or demonstrate the ability to gather enough signatures for ballot access in key states. It remains unclear whether the project is even viable.

President Trump, never one to mince words, ridiculed Musk’s third-party ambitions in a Truth Social post this month:

“He even wants to start a third political party, despite the fact that they have never succeeded in the United States. The system seems not designed for them,” Trump said. “He’s a train wreck.”

While Musk remains a critical financier of Republican victories and MAGA causes, his attempt to position himself as a political leader appears to have flatlined—at least for now. Still, his money is moving mountains behind the scenes, and Democrats are increasingly alarmed by his loyalty to Trump’s second-term agenda.