World's richest man Elon Musk announces new political party, The America Party, after fallout with President Trump
The world's richest man, Elon Musk, has announced that he has formed a new US political party, 'The America Party'.
Musk has indicated the party's platform will include reducing debt, modernising the military with AI and robotics, deregulation in energy, free speech and pro-natalism.
It comes after Musk promised to form the new party amid his opposition to US President Donald Trump's 'Big Beautiful Bill'.
A day after asking his followers whether he should form the political party, Musk announced it on his social media platform X.
"By a factor of 2 to 1, you want a new political party and you shall have it!" he said in a post on X.
"Today, the America Party is formed to give you back your freedom." — Elon Musk (@elonmusk) July 5, 2025
The announcement from Musk comes after President Trump signed a tax-cut and spending bill into law on Friday, which the billionaire had fiercely opposed.
Musk spent hundreds of millions on Trump's re-election and led the Department of Government Efficiency under the Trump administration.
The former friends have since fallen out over disagreements surrounding the Big Beautiful Bill.
President Trump earlier this week threatened to cut off the billions of dollars in subsidies that Musk's companies receive from the federal government.
Musk said previously that he would start a new political party and spend money to unseat lawmakers who supported the bill.
Republicans have expressed concern that Musk's on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.
Sky News / Reuters
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