Musk has spent $276 million on midterms to help Republicans retain control of Congress
Elon Musk has donated $366 million to the 2026 U.S. midterm election cycle, with $276 million specifically targeting Republican efforts to maintain control of Congress. The spending is linked to his interests in government contracts and regulatory oversight.
Why it matters
Musk's unprecedented level of political spending underscores the growing influence of individual billionaires on U.S. legislative outcomes and campaign finance.
Elon Musk has spent roughly $366 million in the 2026 U.S. midterm election cycle so far, $276 million of it since July to help Republicans retain control of Congress, even as Democrats’ chances of retaking the U.S. House and Senate have improved.
Mr. Musk’s largesse, which was reported earlier by the New York Times , makes the world’s richest person likely the single-biggest political donor in this year’s races, according to campaign finance records.
There is a lot at stake for Mr. Musk with Democrats in the U.S. House of Representatives calling for investigations into his government contracts as CEO of aerospace company SpaceX, as well as his work running the Department of Government Efficiency under President Donald Trump.
A breakdown of his political spending, which was confirmed by a spokesman for his super PAC America PAC:
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