For the purposes of this market, rebranding, renaming, or reorganizing an existing party will not count unless that organization was not active. A merger of existing parties will not count. However, a split where a faction breaks away from an existing party and registers as a new party will count. Elon Musk must be identified as a founder, co-founder, or the primary founder - him merely joining, endorsing, or becoming a member will not count. The new party must be registered for the purpose of nominating candidates for elected office; single-issue advocacy groups, PACs, Super PACs, or other political organizations that are not formally registered as political parties will not count.