Musk, who is a naturalized U.S. citizen born abroad, is ineligible to run for president but can endorse third-party candidates. On July 4, he conducted a poll asking if people desired a new party, with a majority of 65.4% respondents in favor. Subsequent to the poll, Musk declared the establishment of the America Party on X.

Billionaire EV king Elon Musk's new political party has drawn interest from fellow fat cats Mark Cuban and Anthony Scaramucci.

After his break with the Trump White House, Musk says he's starting the America Party. Cuban seems interested in the idea.