How Musk's Millions Shape Congress

How Musk's Millions Shape Congress

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-David Love


DATA ROUNDUP

Elon Musk’s America PAC Election spending

In the world of politics, money talks, and corporations are often the loudest voices. Our team has been digging deep into the complex web of election donations, uncovering some startling truths about how billionaires & companies wield their financial influence.


One of the most intriguing findings is the practice of "hedging bets." Many corporations don't just support one party or candidate; they spread their donations across the political spectrum.


However, our data collection efforts have revealed some eye-opening figures. Take Elon Musk's America PAC, for instance. We've estimated that in this month alone, he has already poured $11 million into various political causes. But where exactly is this money going?


The numbers are staggering. Approximately $79 million has been spent in support of Donald Trump and in opposition to Kamala Harris.


But it doesn't stop there. An additional $8 million has been funneled into various congressional races. This highlights how corporate influence extends beyond just the presidential race, shaping the composition of Congress as well.


Here are the congressional candidates that have been recipients of this spending:


Want to read the rest of this newsletter? We will cover:

  • Congressional Trades
  • Ray Dalio's Thoughts on Rate Cuts

Read Rest of Quiver Newsletter Here



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