BlockBeats News, July 6th. According to The Wall Street Journal, Musk and his advisors have not yet filed with the Federal Election Commission to indicate the formation of a new political entity called the "America Party." The party's name is similar to the America Political Action Committee (America PAC) he helped establish.
Documents show that through this political group supporting Trump's campaign (America PAC), Musk spent nearly $300 million in 2024 to assist Trump and other Republicans. Although third-party U.S. presidential candidates have never won, they can play a disruptive role by taking votes away from the two major parties.