October 16, 2026

Elon Musk has poured 369 million into elections

Washington Post -  Elon Musk has become the largest individual political donor in modern American history. The world’s richest man poured $369 million of his own money into this year’s midterm elections, mostly to save the Republican Party’s control in Congress.

The spending alleviates the fears of some Republicans who worried the Tesla CEO would not come to their rescue after a dramatic and public feud with President Donald Trump last year. Musk gave at least $268 million to his super PAC and other Republican-aligned groups in the past three months, according to Federal Election Commission data filed Thursday. The GOP’s main Senate super PAC, the Senate Leadership Fund, received $158 million of that money. The Senate Leadership fund then immediately transferred an identical sum to a PAC dedicated to backing Republican Ken Paxton in the Senate race in Texas, where Musk lives.

….In total, the top donors in American politics have poured in more than $2.3 billion to influence the midterm elections. They are dominated by Republicans. Republicans are hoping the influx of cash will help them in the final stretch before November by blanketing the airwaves and deploying more canvassers to voters’ doors. Republican-leaning donors gave $1.54 billion, compared with $590 million from Democratic-leaning givers and $259 million from bipartisan and special-interest groups, such as those backing sports betting and cryptocurrency interests.  List of megadonors

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