Peter Thiel is spending $10 million to back a business partners Senate bid

Venture capitalist Peter Thiel has put $10 million into a newly formed PAC backing a business partner’s Senate bid, as first reported by Politico. Formed on April 19th, the Saving Arizona PAC is taking aim at the state’s 2022 Senate race, which will see former astronaut Mark Kelly defending his seat for the Democrats. According to Politico, the PAC will support Thiel Capital executive Blake Masters in the Republican primary and general election, putting him at an immediate fundraising advantage in one of the most closely watched races of the cycle.

Masters came to prominence as the co-author of Thiel’s popular book, Zero to One, and was hired shortly afterward as an executive at Thiel Capital. The book originated as Masters’ notes from...

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