Elon Musk has donated 'a significant amount' to Trump-linked SPAC- report
Ken Griffin and Paul Singer, two influential Republican billionaires known for their past criticism of Donald Trump, have been in discussions with the former president about potentially supporting his bid to return to the White House, according to Bloomberg News.
Elon Musk has reportedly donated a significant amount of funds to a Trump-focused super political action committee (SPAC).
After Stephen King recently called for Biden not to run for re-election, Musk responded on X that "[e]ven Stephen King is voting for Trump!"
On the other hand, Griffin, the founder of Citadel, met with Trump at the Trump National Golf Club in Virginia two weeks ago, according to Bloomberg News.
Singer, who founded Elliott Investment Management, has also had a separate meeting with Trump in recent times.
These meetings come as Trump's campaign has been gaining momentum due to a recent influx of contributions following his felony conviction and perceived missteps by President Joe Biden.
Neither Griffin nor Singer has previously donated to Trump's presidential campaigns, despite being among the GOP's most substantial donors. Their potential support would mark a notable change, as both have been openly critical of Trump in the past.
Singer had expressed concerns in 2016 that Trump's trade policies could lead to a "global depression," and Griffin referred to Trump as a "three-time loser" in 2022, following a disappointing performance by Republicans in the midterm elections.
The financial backing of Griffin and Singer could provide a significant boost to Trump's campaign. Griffin has donated $233 million to federal elections since 2015, while Singer has contributed $89 million, Bloomberg News wrote, citing OpenSecrets' data.
Both have supported various super political action committees and candidates, including a $5 million donation each to a super PAC allied with former South Carolina Governor Nikki Haley.
The decision of these hedge fund managers to support Trump's 2024 campaign is still pending, with Griffin indicating that his decision would be influenced by Trump's choice of a running mate.
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