Foresight News reports that Musk announced on X, "Today, the founding of the 'American Party' returns your freedom to you."
After Trump signed the "Big and Beautiful Act" on Friday, Musk launched a poll on X asking whether a new American political party should be established, stating that the final vote was in favor by a 2-to-1 margin. Musk had previously expressed strong opposition to this act, saying he would found a new party and was willing to spend money to unseat lawmakers who supported the Big and Beautiful Act.