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Elon Musk Suggests He Will Spend ‘a Lot Less’ on Political Donations

The New York TimesTuesday, May 20, 2025 at 3:13:56 PM

** Elon Musk, the billionaire CEO of Tesla and SpaceX, hinted that he plans to significantly cut back on his political donations in the future. While he didn’t specify reasons, the move comes amid growing scrutiny over tech moguls' influence in politics. Musk has previously supported both major U.S. parties but has been increasingly vocal about his political views on social media.

What This Means: ** Musk’s decision could signal a shift in how tech billionaires engage with politics—or just another headline-grabbing comment from a famously unpredictable figure. Either way, it’s noteworthy because his financial backing has swayed debates on everything from space exploration to free speech. If he follows through, it might leave a gap in funding for certain causes—or open the door for other wealthy donors to step in.

— Curated via WP Now’s AI editorial system

** politics

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