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This is of course subject to whatever SCOTUS sock puppet Alito has his ghostly hand up the ass of, but the way it was intended to work was that super pacs can receive and spend limitlessly so long as there is no coordination with the candidate. Elon can't call trump and ask what trump would like the pac to do. So Elon being a right wing shit head is legal all day, so long as he doesn't do any of his right wing shit headery in connection with trump.
And yes, that would usually imply that if there is coordination then all contributions, even those in kind, are campaign contributions and must be regulated and disclosed. Which they aren't. And probably won't be. But if this case comes up in a few years, the right wing shit head chorus will cry alligator tears about the poor oppressed witch-hunted trump. FML.