Elon Musk is spending a fortune on US elections

Elon Musk, the richest person in the world, has spent approximately $366 million politically so far in the 2026 US midterm election process, which started on January 1, 2025.

Despite the growing possibility of Democrats regaining control of the House of Representatives and the Senate, Musk has transferred at least $276 million in donations since July to help Republicans maintain their dominance of Congress.

Election finance records show Musk has likely become the largest single political donor in this year's races.

Musk's high financial support comes as Democrats in the House of Representatives are calling for an investigation into the government contracts he executed as CEO of aerospace company SpaceX.

Democratic lawmakers are also demanding an investigation into Musk's activities leading the Department of Government Efficiency under US President Donald Trump.

According to data confirmed by the America PAC (Political Action Committee) spokesperson and first announced by The New York Times, the distribution of third quarter donations made since July has become clear.

Of Musk's $276 million donation in the third quarter, $158 million went to the Senate Leadership Fund, which works with Senate Majority Leader John Thune, a South Dakota Republican, and was established to help elect Republicans to the Senate.

$20 million went to the Congressional Leadership Fund, which supports Republicans in the House and aligns with House Speaker Mike Johnson, a Republican from Louisiana.

Musk gave $76 million to America PAC, which he founded.

PACs are private political organizations in US politics that collect donations for election campaigns, combine them in a single pool, and spend them on the election/loss of candidates they support or oppose.