In a move that may reshape the US political landscape, billionaire entrepreneur Elon Musk has announced the formation of a new political party, the “America Party,” following an acrimonious split with former ally and US President Donald Trump. The dramatic political shift marks a turning point for Musk, who was until recently a key Trump supporter and donor, having funneled more than $260 million into pro-Trump efforts during the last election cycle.

Musk’s pivot has already ignited debates across party lines, rattled financial markets, and sparked international satire – most notably from former Russian President Dmitry Medvedev, who jokingly offered to mediate between the two estranged powerhouses.

Just six months ago, Musk’s relationship with Trump appeared solid. After helping bankroll Trump’s re-election campaign, Musk was appointed in January to co-chair the Department of Government Efficiency (DOGE), a new executive body tasked with rooting out bureaucratic waste and streamlining federal agencies. The appointment was seen as a nod to Musk’s reputation as a no-nonsense innovator, and DOGE was widely expected to follow the Silicon Valley playbook of disruption.

However, cracks began to show when Trump introduced a sprawling $2.4 trillion tax and spending bill, which Musk lambasted as a “disgusting abomination.” While many of the bill’s provisions were aimed at infrastructure and defense, Musk objected to what he saw as bloated allocations to legacy contractors and inefficient public projects.

“The bill is everything we said we wouldn’t do – pork-barrel politics, corporate welfare, and wasteful spending disguised as investment,” Musk wrote in a scathing thread on X, formerly Twitter. “This is not fiscal........

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