Scaramucci has been a staunch critic of Trump since departing the White House in 2017, endorsing former Vice President Kamala Harris in the 2024 presidential race. He also had choice words for Musk, telling CNN earlier this year that the tech broligarch would do well to “lay off the gas on politics” and “stick to business.”

Writing on X, formerly Twitter, multiple people have responded to Musk announcing he would form a new party, though he has also attracted criticism, too. On Saturday, Musk announced he was forming a new political party called the "America Party.

Disappointment is rarely good for stock prices. On Saturday, Musk announced he was forming the “America Party,” after running a poll on X asking if a new political party should be created. Musk has more than 225 million followers on X, and the poll garnered almost 79 million votes, with 65.4% saying “Yes” to a new party.