Updated
Updated · The New York Times · Jul 15
Musk Gives $5 Million to Ramaswamy Ohio PAC Despite Earlier DOGE Rift
Updated
Updated · The New York Times · Jul 15

Musk Gives $5 Million to Ramaswamy Ohio PAC Despite Earlier DOGE Rift

2 articles · Updated · The New York Times · Jul 15

Summary

  • $5 million from Elon Musk to Vivek Ramaswamy’s super PAC was disclosed Wednesday, turning Musk’s earlier endorsement into direct financial backing in Ohio’s governor race.
  • The donation signals a thaw after the two clashed during Trump’s transition over the proposed Department of Government Efficiency, which Ramaswamy left before Musk took charge.
  • Musk has now spent at least $90 million this election cycle, even after setbacks including a failed Wisconsin court push and a $10 million super PAC effort behind Kentucky Senate candidate Nate Morris, who dropped out.
  • V-PAC already drew $20 million from Jeff Yass and $1 million from Bill Ackman, while Ramaswamy added $25 million of his own money ahead of a November contest against Democrat Amy Acton.

Insights

Can a state-level donation cap challenge the billions from mega-donors in national politics?
Why is Elon Musk backing a former rival after their controversial government efficiency project?
What happens when a tech CEO's 'disruption' is aimed at the federal government itself?