Will Elon Musk create a new political party by July 4?

This market will resolve to "Yes" if Elon Musk publicly announces the formation of a new political party by July 4, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". The announcement must be explicit and clearly state that the new political party is being launched or formed. Statements merely expressing support for the idea of a new party, or alignment with specific political ideologies or other statements which do not constitute the official launch of a new political party will not qualify. The resolution will be based on a consensus of credible reporting.