Elon Musk has committed a reported $366 million to political activity during the 2026 US midterm election cycle, surpassing the roughly $290 million he spent during the 2024 election cycle, when he became one of Donald Trump's biggest financial backers. With more than $276 million flowing to political groups since July, the world's richest man is again wielding substantial financial influence as Republicans fight to retain control of Congress.
The spending comes ahead of November's elections, which will determine control of the House of Representatives and the Senate. Musk's contributions are helping Republican-aligned groups finance their campaigns, underscoring his continued involvement in US politics despite his public falling-out with Trump in 2025.
