Musk hints at launching 'America Party' after tax bill passes, crypto markets and bettors react. Elon Musk may now be reaching a political crossroads of his own making.

Musk’s latest political idea has little chance of success. But fringe figures from Andrew Yang to the Libertarians are eager to take his money.

Musk’s money would go a long way in advancing Libertarians. The national organization operates with a yearly budget of between $1 million and $3 million, Nekhaila said. Musk alone funneled more than $250 million into the 2024 election (mostly through his America PAC) to help catapult Trump to the presidency in November.