Musk spends US$276mil on midterms to help Republicans retain control of Congress

Elon Musk, the world's richest person, has spent approximately US$366 million on political donations during the 2026 US midterm election cycle, with US$276 million of that amount contributed since July to aid Republican efforts in retaining control of Congress, according to a New York Times report. Despite Democrats improving their chances of retaking the US House and Senate, Musk's influence on the election remains significant.

This makes Musk likely to be the single-biggest political donor in this year's races, based on campaign finance records. His spending is closely monitored, especially given the investigations into his government contracts as CEO of SpaceX and his role in the Trump administration's government efficiency department.

Musk's political spending breakdown, confirmed by a spokesman for his super PAC, America PAC, reveals that US$276 million has been donated to Republican groups and America PAC since July. At least US$158 million has gone to the Senate Leadership Fund, which supports Republicans running for the Senate under Senate Majority Leader John Thune.

Additionally, US$20 million was directed to the Congressional Leadership Fund, aiding House Republicans led by Speaker Mike Johnson. A substantial US$76 million was contributed to Musk's own America PAC, while US$10 million was given to the Lone Star Liberty PAC supporting Republican state Attorney General Ken Paxton's Senate bid in Texas.

The funds also supported the Republican Governors Association and the Republican Attorneys General Association, each receiving US$10 million. Lastly, US$2 million was allocated to other unspecified causes. Roughly US$90 million of the total spending pertains to activities from the previous election cycle or other issues, including a failed campaign for the Wisconsin Supreme Court and a program offering US$1 million to voters backing free speech and gun rights.