In a significant move that underscores his growing influence in American politics, billionaire entrepreneur Elon Musk has reportedly made a "sizable" donation to a super political action committee (PAC) supporting the reelection of former President Donald Trump. The donation, made to America PAC, marks a notable shift in Musk's political involvement, as he had previously stated he would not donate to either presidential candidate.

The exact amount of Musk's donation remains undisclosed, but sources familiar with the matter described it as "sizable," highlighting the significance of the contribution from the world's richest person. Musk, who is the CEO of SpaceX and Tesla, has a net worth of $249.8 billion, according to Forbes.

This move comes at a time when Trump has overtaken President Joe Biden in fundraising, with the help of deep-pocketed Wall Street and corporate donors. The donation from Musk, a self-described political independent who has said he prefers to stay out of politics, presents an opportunity for him to become a financial juggernaut for Republicans.

The donation also highlights the growing influence of Silicon Valley in American politics. Musk is not alone in his apparent support for Trump; he joins a growing number of tech moguls who have been leaning toward the former president this election cycle.

The donation from Musk threatens to deal a devastating blow to Biden and Democrats, who are already mired in an intraparty battle over the president's political future. A super PAC matching those efforts on Trump's behalf gives Republicans a major cash advantage to spend official campaign money elsewhere, in what is shaping up to be the most expensive presidential election in US history.

Some of Trump's proposed policies, such as dismantling Biden's measures to transition the US to electric vehicles and vows to impose tariffs on Chinese EV makers, would have a direct impact on Tesla. Despite this, Musk and Trump have grown closer, with the tech entrepreneur advising the former president on electric vehicles and crypto policy.

The donation from Musk to America PAC, which is next required to disclose its list of donors on July 15, underscores the growing influence of the world's richest person in American politics. It remains to be seen how this donation will impact the 2024 presidential election and the future of US politics.