>>513305641On July 5, enraged by the passage of the "Big Beautiful Bill" and encouraged by the results of an online poll, Musk said he would form a new political party in the United States.
Over a month later, he hasn't taken any of the formal steps necessary to do so, and he hasn't publicly mentioned the idea in weeks. That's despite praise from Mark Cuban and a warning from the head of the Democratic Party that Musk's effort should be "taken seriously."
In the meantime, several polls have indicated that while many Americans are hungry for a third party, far fewer are interested in one founded by Musk. This week, one of his top aides at both DOGE and xAI announced that she was breaking off to start her own podcast.
Musk has also remained a major GOP donor as he's toyed with the idea of starting a third party and feuded with President Donald Trump, according to campaign finance records made public at the end of July.
The tech titan gave a total of $15 million to several GOP super PACs on June 27, including:
$5 million to MAGA Inc, which supports Trump;
$5 million to the Senate Leadership Fund, which supports GOP senators and Senate candidates;
$5 million to the Congressional Leadership Fund, which supports Republican House members and candidates.