Elon Musk spends $366m to bolster Republican Party in US midterm elections

The barrage of spending comes as Republicans fight to overcome Trump’s declining popularity and cost of living concerns.By Reuters and The Associated PressPublished On 12 Oct 202612 Oct 2026Elon Musk, the trillionaire tech mogul and backer of far-right causes, has reportedly spent $366m since last year to buoy the Republican Party in the United States midterm elections.The New York Times first reported on Monday that Musk has spent $276m since July alone, including $158m for a super PAC focused on Republican Senate candidates, making him the largest single donor this year.Recommended Stories list of 3 itemslist 1 of 3Trump gives top US science awards to Elon Musk and other tech executiveslist 2 of 3US judge rules Trump administration’s use of voter data unlawfullist 3 of 3Is Trump signalling a return to war with Iran after the midterms?end of listMusk is considered a close ally of President Donald Trump, the leader of the Republican Party, and was a special government adviser to the White House last year.Musk’s political action committee, America PAC, has confirmed the spending totals. In a statement to The New York Times, a spokesperson framed the record amount as necessary to def...