Elon Musk becomes biggest political donor of US midterms cycle with $366m spent
Summary
Elon Musk has spent about $366 million supporting conservative candidates and causes in the 2026 US midterm elections, making him the biggest political donor in this election cycle. Much of his money goes to groups aiming to keep Republicans in control of the Senate, with contributions to several political action committees (PACs).Key Facts
- Elon Musk is the top political donor for the 2026 US midterm elections with $366 million spent.
- He gave over $276 million since July alone, one of the fastest political spending rates in US history.
- Musk’s biggest single donation was $158 million to the Senate Leadership Fund, a PAC supporting Republican Senate candidates.
- Other large donations include $76 million to America Pac and $20 million to the Congressional Leadership Fund.
- Musk also gave money to support candidates like Ken Paxton, a Texas Republican Senate candidate.
- Some of Musk’s funding supports anti-transgender advertising and campaigns against Democrats, shared via his social media platform, X.
- His midterm spending surpasses his nearly $300 million spent on President Donald Trump’s 2024 re-election campaign.
- Despite the large sum, the $366 million is less than 0.04% of Musk’s estimated $1 trillion net worth.
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