Musk spends $276m backing Republicans in midterms — Report

Tech billionaire Elon Musk has reportedly contributed $276 million to organizations boosting right-wing candidates ahead of the November 3 midterm elections, according to reports from Punch, Live Mint, The Korea Times, and New Straits Times. All of these funds were contributed since July. This amount may make Musk the largest single donor for the upcoming elections, according to the New York Times.

Musk has spent a total of $366 million during this election cycle, which began January 1, 2025, according to Live Mint. The largest recipient of his funding was the Republican Senate Leadership Fund, which received $158 million to help the party maintain control of the upper house of Congress. Live Mint also notes that $20 million went to the Congressional Leadership Fund and $10 million went to the Lone Star Liberty PA.

The SpaceX and Tesla boss previously contributed $290 million in 2024 to assist Donald Trump's reelection, according to The Korea Times and New Straits Times. While Musk previously exited a role overseeing the Department of Government Efficiency after a public falling out with Trump, the two have since reconciled, and Trump recently awarded Musk the National Medal of Science.

Brief written by urgent.news from Punch, Live Mint, The Korea Times, New Straits Times, CBS News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.