New Actor: Elon Musk donates $5m to V-PAC
Elon Musk gave $5 million in May to V-PAC, Victors, Not Victims, the super PAC backing Vivek Ramaswamy for Ohio governor. He joined Jeffrey Yass, Ratmir Timashev, Bill Ackman, and Ross Stevens, and the five have supplied $37 million, about 88% of V-PAC’s money.
Nearly all of V-PAC’s second quarter contributions came from Musk, Timashev, Ackman, and Stevens, totaling $12 million, or 98%. After the influx, V-PAC spent over $8.1 million in June on a 30‑second ad against Amy Acton and finished the quarter with $25.8 million in cash.
Super PACs can raise and spend unlimited sums but cannot coordinate with a candidate’s campaign. Acton has no allied super PAC, while Ramaswamy also added $25 million of his own money, giving his side a large cash advantage.
Synthesized from 13 sources
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