Elon Musk Just Dumped Another $76 Million Into the Midterms
Elon Musk has donated over $76 million to his America PAC in October to support Republican candidates in the midterm elections. The spending has heavily targeted the Texas Senate race, specifically attacking Democratic candidate James Talarico.
Why it matters
Musk's unprecedented level of individual political spending highlights the growing influence of tech billionaires in US electoral politics.
Elon Musk gave his personal political committee, America PAC, more than $76 million in the first two weeks of October to boost Republicans in the final stretch of the midterms, according to a pre-election report the PAC filed Thursday evening with the Federal Election Commission.
The group spent nearly $43 million in the first two weeks of October, and entered the campaign’s last leg holding nearly $47 million in cash.
The Texas Senate race dominated the new spending. It drew $15.2 million, double what the PAC spent there all summer. That spending included $12.4 million to attack Democratic candidate James Talarico and $2.8 million to promote Republican Ken Paxton.
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