Elon Musk has become the largest donor to Republicans’ effort to retain Congress, spending more than $275mn on crucial midterm races. The donations, made over recent months, include $158mn to the Senate Leadership Fund and $20mn to the Congressional Leadership Fund, plus tens of millions to his America PAC. This adds to the GOP’s financial edge, with party committees and Trump’s Maga Inc raising over $1.1bn versus Democrats’ roughly $600mn as of August.
The contributions, some not yet disclosed, come as Trump’s low polling threatens Republican campaigns. Democrats are favored to flip the House, while the Senate remains a toss‑up. Andrew Romeo, a spokesman for America PAC, warned that a Democratic wave could turn America into a “socialist, woke and borderless country.” Musk’s return to the MAGA fold follows a brief fallout in mid‑2025, and he now advises the White House and leads a Pentagon modernization review.
His companies, including Tesla, SpaceX, and xAI, hold billions in government contracts and are under federal scrutiny.
Source: Financial Times Companies · Summarized by HeadlinesBriefing