Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley.
US media reports indicate that Musk and a group of tech investors are contributing to a Super PAC — a specially designed fund that can spend unlimited amounts on political candidates and causes.
The Wall Street Journal reported that Musk plans to donate $45 million monthly to 'America PAC,' a fund focused on electing Trump, starting in July.
Although Musk stated just months ago that he would not donate to either Trump or President Joe Biden, the right-wing bent of his X platform and his steady flow of incendiary tweets have made his political allegiance clear.
Moments after the assassination attempt on Trump last weekend, Musk said he fully endorsed Trump.
Joining Musk in funding Trump are other, less well-known tech figures motivated by various interests.
These include boosting cryptocurrencies and opposing Biden-appointed regulators who are keeping a closer watch on the tech sector.
Predominantly male and white, Trump's Silicon Valley backers are most united in their loathing of so-called woke ideology, which they claim promotes diversity and