Elon Musk Becomes Largest Known Donor for 2026 Midterm Elections with $366 Million in Contributions

Elon Musk has become the largest known donor of the 2026 midterm election cycle, having contributed over $366 million to Republican groups since July. The majority—$158 million—went to Senate Leadership Fund, a key super PAC supporting GOP Senate candidates, while an additional $76 million was donated to America PAC, which Musk founded during the 2024 election. Musk's spending for this cycle already exceeds his total political contributions of around $290 million in the previous year. This marks a significant reversal from his earlier public statement that he would reduce future political spending after tensions with former President Donald Trump last year, which have since been resolved. The donations come as Republican groups seek to defend their majorities in Congress and include support for specific races like Texas' Senate contest between Ken Paxton and James Talarico. Musk's influence is growing in the state where several of his companies are now based.

By Luke Fountain · CNBC ·

Elon Musk Becomes Largest Known Donor for 2026 Midterm Elections with $366 Million in Contributions

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Topics: Donors Elections Republican Party

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