Billionaire Elon Musk announced on Saturday that he would give away $1 million each day until the U.S. Presidential elections to individuals who sign his online petition supporting free speech and the right to bear arms.

The petition, launched on the America PAC website, aims to collect 1 million signatures from swing-state voters in support of the First and Second Amendments of the U.S. Constitution.

"The First and Second Amendments guarantee freedom of speech and the right to bear arms. By signing below, I am pledging my support for the First and Second Amendments," the petition states.

At a campaign town hall event in Pennsylvania, Musk awarded $1 million to attendee John Dreher, who received a check from the Tesla founder.

"By the way, John had no idea. So anyway, you're welcome," Musk said as he handed over the check.

During his address, Musk shared that his political organization, America PAC, would be distributing $1 million daily until the November 5 election.

Musk founded America PAC to support Republican candidate Donald Trump's presidential campaign.

The group is focused on mobilizing and registering voters in key battleground states.

According to federal disclosures, Musk has contributed at least $75 million to America PAC, making it a significant part of Trump's campaign strategy.

Earlier, the SpaceX CEO also offered $47 to every registered voter in the U.S. who referred others to sign the petition supporting free speech and the right to bear arms.

Gun rights remain a contentious issue in the United States, with advocates promoting gun access, while opponents argue that guns pose a threat to public safety.