Billionaire entrepreneur Elon Musk, a former ally of Donald Trump, announced on Saturday that he is launching a new political party in the United States, which he has named the America Party. The announcement came through a post on his social media platform X.“Today, the America Party is formed to give you back your freedom,” Musk wrote, referring to a poll he had earlier conducted on X.In the same post, Musk said, “By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.”Earlier, on July 4 during US Independence Day celebrations, Musk posted a poll asking, “Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party?” The poll results showed 65.4% voting “Yes” and 34.6% voting “No.”This move follows Musk’s departure from the Trump administration and his exit from DOGE.The businessman had hinted multiple times at launching a new political party after his public fallout with US President Trump.