Elon Musk is backing away from his earlier commitment to launch the America Party, opting to focus on his business empire and preserve ties with key Republicans, The Wall Street Journal reports. Sources close to Musk indicate he is cautious about creating a third party that could fracture GOP support in upcoming elections.
Last month, Musk publicized plans to form the America Party to serve voters disillusioned with the two-party system. According to The Wall Street Journal, he has since redirected his efforts toward nurturing his connection with Vice President JD Vance, a prominent figure in the MAGA movement. Musk's recent communications with Vance reflect his concern that a new party could jeopardize this relationship, sources told The Wall Street Journal.
Discussions among Musk's confidants suggest he may channel his substantial wealth into backing Vance for a 2028 presidential run, The Wall Street Journal reveals. After spending nearly $300 million to support President Donald Trump and GOP candidates in 2024, Musk remains open to the party idea but has taken no concrete steps to advance it. The Wall Street Journal confirmed that a scheduled meeting with third-party campaign specialists was canceled, with Musk's team emphasizing his focus on corporate responsibilities.
In July, Trump derided Musk's party plans, while Musk insisted it would promote voter "freedom." Vance, speaking to the Gateway Pundit, remarked, "So my hope is that by the time of the midterms, he's kind of come back into the fold," signaling his desire for Musk's alignment with conservatives. The Wall Street Journal notes that Musk and Trump have recently ceased public hostilities, with Trump expressing support for Musk's businesses on Truth Social.
A new executive order easing rocket launch regulations could bolster SpaceX, suggesting a thaw in Musk-Trump relations. Despite interest from Andrew Yang and Mark Cuban, The Wall Street Journal reports that Musk has not pursued discussions with them or his political advisers about the party. Steven Nekhaila, Libertarian National Committee chair, told The Wall Street Journal, "It's almost an eerie silence," highlighting the absence of action toward establishing the America Party.
