International Edition · Mon 26 Oct 2026
Politics · via Forbes
Musk's Midterm Spending Approaches Half a Billion Dollars
A fresh $77 million donation to his America PAC takes Elon Musk's midterm giving to nearly $450 million, according to Forbes, making him the cycle's largest known donor.
Chanan Zevin - Chief Editor and Head of Desks
Published
The money
Forbes reported that Musk gave another $77 million to America PAC, bringing his midterm donations to nearly $450 million. The Hill puts his spending in the elections at more than $442 million.
Where it goes
Musk's money is backing Republican-aligned groups and candidates. The Hill reported that beneficiaries include Texas Republican Senate candidate Ken Paxton and GOP congressional groups.
Background
An FT poll published on Monday found that about 69% of registered voters are very or somewhat concerned about corruption, self-dealing or conflicts of interest, a theme Democrats have pushed in this campaign.
Our view
One donor at this scale is now a campaign issue in itself. With eight days to go, his money buys reach; it may also buy his opponents a message.
Sources
- Forbes, 'Elon Musk Gives $77 Million To America PAC—Midterm Donations Near $450 Million', 23 October 2026 · forbes.com
- The Hill, 'Elon Musk spends over $442 million in midterm elections', October 2026 · thehill.com
- Financial Times, FT News Briefing transcript, 'Serbia's strongman leader voted out', 26 October 2026 · ft.com