It comes after Reform UK said Farage, along with new party treasurer Nick Candy, met Mr Musk at Mar-a-Lago for an hour on Monday and had “learned a great deal from Musk about the Trump ground game”.
Farage posted a picture of himself on X alongside Mr Musk and Mr Candy, who was announced as party treasurer last week, standing in front of a painting of Trump that hangs inside the Mar-A-Lago complex.
He added “Britain needs Reform”, to which Mr Musk replied: “Absolutely”.
Reform UK thanked the US president-elect for allowing them to use the building for the meeting, adding it showed the “special relationship” between the UK and US was “alive and well”.
Mr Musk has become a prominent critic of Labour Prime Minister Sir Keir Starmer and has backed Reform UK to form the next government in posts on his social media platform X.
Mr Musk, who was born in South Africa, donated $75m to US President-elect Donald Trump’s re-election bid, with $72m of that going to a political action committee he set up called America PAC.
Mr Musk’s father Errol has suggested the SpaceX and Tesla mogul might even be prepared to become a UK citizen to make a $100m donation to Reform UK.
Earlier this month, he told GB News: “I’m eligible for British citizenship, so is he, I suppose.”
The government has committed to reviewing the rules on political donations in the UK, with Sir Keir’s spokesman telling reporters on Tuesday there would be a “relevant update in due course”.
Asked about the influence Musk could potentially wield in British politics, Farage told the BBC: “UK trading companies are allowed to give to British politics, and I don’t think that’s going to change any time soon.”
He added that the possibility of the Labour government changing donation rules “shows you how worried they are” about Reform UK.