In a surprising political pivot, Tesla and SpaceX CEO Elon Musk has announced the formation of a new political entity in the United States named the “America Party.” Musk made the declaration via a post on X (formerly Twitter) on Saturday, stating that the current American political structure has devolved into what he called a “one-party system” plagued by inefficiency, corruption, and excessive government spending. Once a vocal supporter and donor of former President Donald Trump, Musk has now shifted his stance, criticizing both Republicans and Democrats alike for enabling a system that, in his words, “serves itself, not the people.”

Musk’s latest move indicates his growing interest in shaping political discourse in the U.S., not just through influence but now via direct participation. He claimed that the current system fails to represent everyday Americans and functions more like a monopolistic political machine than a true democracy. The tech billionaire emphasized that his new party will focus on “restoring democratic values, ensuring fiscal responsibility, and empowering citizens over institutions.” While Musk provided no immediate policy details or candidates, he promised that the “America Party” would present a viable alternative ahead of the next presidential election.

The announcement has sparked debate across political and tech circles, with some hailing it as a much-needed disruption and others questioning Musk’s motives and readiness to navigate the complex landscape of American politics. Analysts believe Musk’s entry into the political fray could fracture existing voter bases and attract both libertarian-leaning conservatives and disillusioned centrists. Whether the “America Party” will gain real momentum or remain a symbolic protest remains to be seen, but one thing is clear—Musk’s ambitions now go far beyond Mars and electric cars.