Elon Musk is once again opening his checkbook to influence American politics, pouring millions into Republican efforts to hold Congress in the 2026 midterm elections, according to new campaign finance disclosures reported by both Newsmax and Politico, despite flirting with the idea of creating a third party last year.
Politico reported that Musk “poured $10 million into two major Republican super PACs at the end of last year,” splitting the donations evenly between the Congressional Leadership Fund and the Senate Leadership Fund, “two groups that aim to help the GOP keep control of Congress this year.” The Tesla and SpaceX CEO gave $5 million to each group in December, marking his second round of contributions to both super PACs during the current election cycle.
“It was Musk’s second round of donations to both groups this cycle, having previously given in June,” Politico noted, adding that those earlier donations came “amid his feud with Trump.”