Musk touted forming a new political party—the "America Party"—after voicing his opposition to Trump's One Big Beautiful Bill Act.

Musk has even threatened to bankroll primary challenges against GOP members of Congress who backed the bill. But political experts say his billions would be better spent buying him influence within the GOP’s existing party structure rather than birthing a viable new political force capable of challenging America’s entrenched two-party duopoly.

Musk’s latest political idea has little chance of success. But fringe figures from Andrew Yang to the Libertarians are eager to take his money.