Elon Musk becomes biggest donor of US midterms cycle with $366m spent
Musk’s midterm donations, mostly for rightwing candidates and causes, surpass his contributions to Trump in 2024
TL;DR
- Elon Musk has become the biggest political donor of the 2026 US midterm elections, spending about $366 million.
- His spending targets key races to determine control of the US Senate.
- Musk's contributions outpace his 2024 presidential election donations to Donald Trump.
- The funds are distributed through political action committees, including his America Pac.
- Major contributions include $158 million to the Senate Leadership Fund and $10 million to a PAC supporting Ken Paxton.
- Some of the spending supports advertising campaigns using anti-transgender rhetoric and labeling Democratic candidates as radical socialists.
- Despite the large sum, the $366 million represents a small fraction of Musk's net worth.