Businessman Elon Musk has allocated approximately $366 million
to support candidates and political groups ahead of the 2026 US
midterm elections, including $276 million since July to help
Republicans retain their majorities in Congress.
According to Reuters, citing campaign finance disclosures,
Musk’s spending could make him the largest political donor in this
year’s elections. The figures had previously been reported by The
New York Times.
The outcome of the midterm elections is particularly significant
for Musk. Democrats in the House of Representatives are seeking
investigations into his role as CEO of aerospace company SpaceX,
including scrutiny of the company’s government contracts.
Democrats are also calling for an investigation into Musk’s work
leading the Department of Government Efficiency (DOGE), an
initiative established under President Donald Trump’s
administration.
Meanwhile, Democrats have been seeking to regain control of both
the House and the Senate in the November elections.
Earlier, Musk announced plans to spend at least $100 million to
support Republicans in the US midterm elections. The funds are
intended for an operation to boost voter turnout, The Wall Street
Journal previously reported, citing sources.
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