So far, Elon Musk has spent approximately 366 million dollars on the 2026 midterm elections, of which 276 million were spent just in July, in an attempt to help Republicans maintain control over Congress, even though the Democrats’ chances of regaining the House of Representatives and the US Senate have increased, notes Reuters.
Musk’s generosity, previously reported by the New York Times, makes the world’s richest man likely to become the largest individual political donor in this year’s elections, according to campaign finance data.
What’s the joke with Musk?
The stakes are huge for Musk, in the context where Democrats in the House of Representatives are calling for investigations into his state contracts, in his capacity as CEO of the aerospace company SpaceX, as well as his activity leading the Department of Government Efficiency, under the auspices of President Donald Trump.
The aforementioned source provided a breakdown of its political expenditures, information confirmed by a spokesperson for its “super PAC”, America PAC.
Musk has so far spent 366 million dollars in this election cycle, which began on January 1, 2025.
From this amount, starting with the month of July, Musk has donated at least 276 million dollars to Republican groups and his own “super PAC”. Out of the 276 million dollars donated in the third quarter:
- 158 million dollars went to the Senate Leadership Fund, a “super PAC” created to support the election of Republicans to the Senate and which is aligned with the Senate Majority Leader, John Thune, a Republican from South Dakota.
- 20 million dollars went to the Congressional Leadership Fund, a “super PAC” created for the Republicans in the House of Representatives and aligned with the Speaker of the House, Mike Johnson, a Republican from Louisiana.
- 76 million dollars went to America PAC, Musk’s organization.
- 10 million dollars went to the Lone Star Liberty PAC, which supports the candidacy of the Republican state attorney general, Ken Paxton, for the US Senate from the state of Texas, where recent polls indicate an extremely tight race between him and the Democrat James Talarico.
- 10 million dollars went to the Republican Governors Association (Asociația Guvernatorilor Republicani).
- 2 million dollars went to the Republican Attorneys General Association (Asociația Procurorilor Generali Republicani).
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