Libertarian National Committee Chair Steven Nekhaila has invited Elon Musk to join their party, suggesting it's better than creating a new one. Nekhaila highlights the Libertarian Party's established structure and potential for growth with increased funding.

Musk would need to overcome many hurdles to establish a third party. Similar efforts, including the late billionaire Ross Perot’s, haven’t lasted.

Elon Musk promises to form a new political party if Congress passes the 'Big Beautiful Bill', sparking debate on the viability of third-parties in US politics.