October 13, 2026

Elon Musk

NY Times - Mr. Musk has already given far more money, about $366 million, to federal committees during the 2025-26 election cycle than he did during the 2024 election, when he laid out roughly $290 million to help return President Trump and Republicans to power. He has given even more in undisclosed donations during both elections, according to people briefed on the giving.

The latest torrent of spending has helped give the Republican Party a financial advantage in the midterms, as well-funded outside groups like Mr. Trump’s powerful super PAC flood the airwaves with advertising in the final weeks. No Democratic billionaire is spending nearly as much as Mr. Musk, and money remains a central worry for the party in an otherwise favorable political environment.

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