#MuskAmericaParty

Elon Musk Launches "America Party", Shakes Up US Politics

Elon Musk, the CEO of Tesla and SpaceX, officially launched a new political party called "America Party" on July 5, 2025. This announcement was made via X, following his criticism of the budget bill "Big Beautiful Bill" signed by Donald Trump, which he claimed would bankrupt the US with $37 trillion in debt.

Musk claims that this party will focus on budget cuts and aims to target seats in the Senate and House of Representatives in the 2026 elections. The party emerged after polling on X showed that 65% of 1.2 million respondents supported the idea. However, there has been no official registration with the US Federal Election Commission. Speculation has arisen about the impact on Bitcoin prices, which Forbes has called a "bombshell" due to Musk's influence. Tesla and SpaceX are also reported to hold cryptocurrency assets worth $2 billion.