Scoop: Inside Elon Musk's massive Texas rescue mission

Elon Musk's team contacted Republican leaders in late August, warning they stood to lose the Texas Senate race unless the GOP increased funding. This plea triggered a massive rescue effort funded largely by Musk, the party's top donor, who poured $158 million into Texas alone in September. This infusion of cash breathed new life into Republican Ken Paxton's campaign, demonstrating how Musk's influence could sway a crucial midterm for President Trump's party.

By channeling resources to Texas, Republicans avoided a domino effect where supporting Paxton would drain funds from other competitive Senate races. Behind the scenes, Democrat James Talarico's negative ads about Paxton were dominating television airwaves, but Paxton's limited fundraising and TV presence made him vulnerable. Musk's top political adviser, Chris Young, proposed a deal: Musk would donate $5 million to a pro-Paxton super PAC if it raised another $5 million, with the GOP's Senate Leadership Fund (SLF) adding another $5 million.

This collaboration led to a $20 million push for Paxton, but it was just the beginning. A larger operation was required, and SLF and America PAC pledged millions more in advertising and voter turnout efforts. Musk's financial contribution, $158 million in September, accounted for nearly 58% of the $273 million raised by SLF in the third quarter.

Musk's donations to pro-GOP midterm efforts since July have totaled $276 million, a dramatic turnaround after his split from Trump last year. This significant political intervention highlights Musk's resurgence in Republican politics and his willingness to invest in the party's midterm success.