Elon Musk has spent approximately $366 million on the 2026 midterm elections to date, with $276 million allocated since July, in efforts to support Republican candidates. This spending positions Musk as potentially the largest political donor in this election cycle, according to campaign finance records. Reports indicate that Democrats' chances of regaining control of the US House and Senate have improved, which may be a factor in Musk's contributions.
Musk's political donations include significant amounts to various Republican groups and his own super PAC, America PAC. Specifically, he has contributed: - $158 million to the Senate Leadership Fund, which aims to elect Republicans to the Senate and is associated with Senate Majority Leader John Thune. - $20 million to the Congressional Leadership Fund, which supports House Republicans and is linked to House Speaker Mike Johnson. - $76 million to America PAC. - $10 million to the Lone Star Liberty PAC, which is backing Republican Ken Paxton's Senate campaign in Texas. - $10 million to the Republican Governors Association. - $2 million to the Republican Attorneys General Association.
America PAC is focused on aiding Republican candidates in seven battleground states and nearly three dozen House races. Musk's contributions will be publicly disclosed when super PACs report their third-quarter spending. Additionally, he has reportedly donated through organizations that do not disclose their donors. In the previous election cycle, Musk contributed around $290 million.