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Billionaire Elon Musk, the top donor in the 2024 election who helped boost President Donald Trump's path to victory, says he plans to scale back his political spending.
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Donald Trump announced the initial plans for the "Golden Dome" missile defense plan at the White House Tuesday afternoon.
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Speaking remotely at the Qatar Economic Forum, Elon Musk laid out his political spending plans for the future. The billionaire and face of the Department of Government Efficiency emerged as President Trump's most prominent megadonor in the 2024 political cycle.
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An initial sum of $25bn (£18.7bn) has been earmarked in a new budget bill, although the final cost is expected to be much higher.
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President Donald Trump on Tuesday morning turned up the heat on the more than a dozen House Republican holdout votes endangering passage of the bill.
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The IPO had raised 35.7 billion Hong Kong dollars ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025.
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