Musk injects $275mn into Republicans’ fight to retain Congress
Trillionaire Tesla chief has become party’s biggest donor ahead of November’s pivotal midterms
New York, October 12 - Billionaire entrepreneur Elon Musk has invested a staggering $366 million in the 2026 midterm elections, with over $276 million of that amount donated since July alone. His financial support is aimed at helping Republicans maintain control of Congress, despite Democrats gaining ground in their efforts to retake the House and Senate.
According to campaign finance records, Musk appears to be the single-largest political donor in this year's races, surpassing even the wealthiest individuals. This significant political spending is especially noteworthy given the scrutiny Musk faces due to investigations into his government contracts as CEO of SpaceX and his role in the Department of Government Efficiency under the Trump administration.
Here's a breakdown of Musk's political spending, confirmed by a spokesperson for his super PAC, America PAC:
* Musk has already spent $366 million so far this election cycle, which commenced on January 1, 2025.
* Of that, over $276 million has been donated to Republican groups and his own super PAC since July.
* $158 million of the recent donations went to the Senate Leadership Fund, a super PAC supporting Republican candidates for the Senate under the leadership of John Thune.
* $20 million was directed towards the Congressional Leadership Fund, aiding House Republicans aligned with Speaker Mike Johnson.
* $76 million went to Musk's own America PAC.
* $10 million was contributed to the Lone Star Liberty PAC, which is backing Republican state Attorney General Ken Paxton's bid for the US Senate in Texas. Recent polls indicate a tight race between Paxton and Democrat James Talarico.
* $10 million was given to the Republican Governors Association.
* $2 million was donated to the Republican Attorneys General Association.
* America PAC is also supporting Republican candidates in seven battleground states and nearly three dozen House races.
* The new donations will be publicly disclosed when many super PACs are required to report their third-quarter spending on Thursday.
* Musk has also made donations through other undisclosed groups, as reported by the New York Times and confirmed by an America PAC spokesman.
* Musk's political spending during the previous election cycle amounted to roughly $290 million.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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