Elon Musk, who had announced in July that he would launch the America Party to compete in upcoming House and Senate elections, has quietly put those plans on hold. According to reports, the billionaire is now focusing on his businesses rather than building a third political front.
Concern Over GOP Ties and JD Vance
The shift comes as Musk grows cautious about his political relationships, particularly with Vice President JD Vance, a rising star within the Republican Party. Sources suggest that Musk worries a new party could strain his ties with Vance, who is being seen as a strong 2028 presidential contender.
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Past Political Involvement
Musk is no stranger to politics. In 2024, he reportedly spent nearly $300 million supporting Donald Trump and other Republicans through his political-action committee, America PAC. Now, insiders say he might channel future support toward Vance instead of pursuing an independent political path.
America Party on the Backburner
Although Musk has not formally abandoned the idea, key moves toward forming the America Party have stalled. His team has stopped engaging with supporters and even canceled a late-July call with ballot access experts, signaling that his focus is firmly back on his companies.
Market Insight & Key Takeaway
Musk’s retreat highlights how business and political interests are deeply intertwined. By keeping GOP allies close, he ensures smoother ground for his ventures in technology, energy, and space. For now, the America Party remains uncertain, with Musk prioritizing strategic partnerships over risky political experiments.
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