Mar 11, 2025 - Politics & Policy

Musk plans to give Trump's political operation $100 million

Alex Isenstadt

President Donald Trump and White House Senior Advisor, Tesla and SpaceX CEO Elon Musk sit in a Model S on the South Lawn of the White House on March 11. — White House senior adviser and Tesla CEO Elon Musk and President Trump sit in a Model S on the South Lawn of the White House on Tuesday. Photo: Andrew Harnik/Getty Images

Elon Musk has told the White House he plans to give $100 million to President Trump's political operation, according to a person familiar with his plans.

Why it matters: The contribution is unheard of in both amount and type: Musk, who is technically a special government employee, is the world's richest person.

Musk donated more than $250 million to a pro-Trump super PAC during the 2024 election campaign. That made Musk Trump's biggest financial booster.
Now, he is the face of the DOGE team that's driving the Trump administration's huge cuts to the federal workforce and agencies.
The New York Times first reported the latest planned contribution.

Zoom in: Trump's political team has set up a pair of organizations: MAGA Inc. and Securing America's Greatness. It is not clear if Musk will give to either of those two groups, or if he plans on giving to another one that will be controlled by Trump's team.

MAGA Inc. and Securing America's Greatness are run by Chris LaCivita and Tony Fabrizio, who were top advisers on Trump's 2024 campaign and have close ties to the Trump White House.
The two groups have raised around $500 million -- a massive sum that will be used to help expand the Republican majorities in the midterm elections and to pressure Republicans to support Trump's agenda.
Representatives for Musk and the White House did not respond to Axios' requests for comment in the evening.

Add Axios on Google

Musk plans to give Trump's political operation $100 million

What to read next