Elon Musk Launches 'America Party' Amid Rift with Trump Over Spending Bill

In a dramatic escalation of his feud with President Donald Trump, billionaire entrepreneur Elon Musk has announced the formation of a new political entity—the America Party. The move comes just one day after Trump signed his controversial “Big Beautiful Bill,” a sweeping tax and spending package that Musk has fiercely criticized as fiscally irresponsible.

Musk, who previously served as head of the Department of Government Efficiency under Trump’s administration, took to his social platform X to declare the party’s creation. “By a factor of 2 to 1, you want a new political party and you shall have it,” he wrote, referencing a poll he conducted among his followers.

The newly launched America Party positions itself as a response to what Musk calls a “one-party system” dominated by waste and graft. Its platform includes support for small businesses, a digital bill of rights, merit-based immigration, and investment in space exploration and next-generation nuclear energy.

The announcement has already sent ripples through political and financial circles. Some investors have expressed concern about Musk’s shifting focus, with one firm postponing a Tesla-related ETF launch pending clarification of his political ambitions.

While Musk’s deep pockets and massive online following give the America Party a high-profile debut, political analysts note that breaking the entrenched two-party system in the U.S. remains a formidable challenge.