Will Elon Musk create a new political party this year?
That's a whole lot of paperwork. Then again, he's rich.
Elon Musk’s “America Party” Threat
Headlines exploded this week when Elon Musk floated the “America Party,” threatening to split from Trump’s GOP regime after their latest blowup. The market on Kalshi jolted from a sleepy 5% to 40% “YES” overnight, riding tweets and media hype more than underlying politics. Traders should understand: this contract moves fast on headlines, not fundamentals.
Follow the market: Will Elon Musk create a new political party this year? on Kalshi
From King-Maker to Rival
Musk started 2025 as Trump’s largest political backer, dumping $250 million into the America PAC supporting the incumbent and taking a co-chair post at the new Department of Government Efficiency (DOGE). But all that clout hit resistance when Trump jammed through his latest oversized spending bill - exactly the kind of government bloat Musk had pledged to cut. Musk took it public, torching Trump over the bill and hinting that his old MAGA allegiances were dead.