Tech billionaire Elon Musk has announced the launch of a new political movement, the ‘America Party,’ vowing to challenge what he calls a broken and corrupt two-party system in the United States.
Musk, once a key ally of President Donald Trump and former head of the now-defunct Department of Government Efficiency (DOGE), declared the party’s formation in a post on X Saturday evening, following a widely watched online poll.
‘When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,’ Musk wrote.
‘Today, the America Party is formed to give you back your freedom,’ he added.
The announcement comes just a day after Trump signed into law a controversial tax and spending bill, legislation Musk publicly opposed and lobbied against.
The Tesla and SpaceX CEO had spearheaded efforts during Trump’s second term to drastically cut federal spending and reduce the size of government.
However, the two men have since fallen out, with Trump reportedly threatening to end government subsidies for Musk’s companies.
Despite previously spending heavily to support Trump’s re-election, Musk has now pledged to use his vast resources to back candidates aligned with the America Party and unseat those who supported what he calls ‘fiscally reckless policies.’
‘By a factor of 2 to 1, you want a new political party—and you shall have it,’ he posted earlier, referencing the results of his online poll.
Republican insiders worry the new party could split the conservative vote and threaten the Republican majority in the 2026 midterm elections, especially if Musk follows through on his promise to bankroll challengers across both parties.
