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.
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. Mr.
Trump won the presidential election race against former Vice President Kamala Harris. 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. Mr. Mr.
Roughly $90 million spent this cycle paid for work done in the prior election or supported other issues, including an unsuccessful candidate for the Wisconsin Supreme Court and a controversial program paying $1 million to registered voters who signed a petition supporting free speech and gun rights, according to an America PAC spokesman. Musk spent roughly $290 million during the last election cycle in which Mr. Earlier reporting noted: Elon Musk, the world’s only trillionaire, has quietly become the biggest known donor in this year’s midterm elections, doling out more than $276 million since July to try to save Republican majorities in Congress. Earlier reporting noted: The money includes $158 million given to the Senate Leadership Fund, the main super PAC supporting Republican Senate candidates, one of the largest known political donations in American history, according to the Times. Earlier reporting noted: Another $76 million went to America PAC, a Musk super PAC, which has once again built out a major turnout operation like the one it used to help elect President Donald Trump by knocking on doors in 2024.
Musk has also donated more money through groups that do not disclose their donors, according to the New York Times report.
