Elon Musk's campaign organization spent $200 million to support Trump's campaign

Odaily News Elon Musk's Super PAC spent about $200 million to help Trump's campaign for the US presidency, setting a new standard for how billionaires can influence elections, according to people familiar with the matter. In addition, in the final months of the campaign, Musk became one of Trump's most high-profile surrogates, often appearing on stage with Trump. Musk is now expected to play a key role in Trump's second-term administration, and the latter said he would put Musk in charge of a new government efficiency committee. Musk's SpaceX also works with the US Department of Defense and intelligence agencies. Since Trump's victory, Tesla's stock price has soared, adding $300 billion to its market value, which has also led to an increase of $70 billion in Musk's wealth. (Associated Press)