How Elon Musk Learned to Love Political Spending Again
The SpaceX CEO has spent roughly $366 million in the 2026 U.S. midterm election cycle so far, $276 million of it since July.
Elon Musk, the world's richest man and a key contributor to President Donald Trump's re-election campaign, has dramatically increased his political spending in recent months. After initially pledging "a lot less" in political contributions for future elections, including the upcoming midterms, Musk has already spent $366 million for the 2026 election cycle, with over $276 million going to Republican groups and his super PAC since July. This makes him the largest known donor ahead of the November elections.
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