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

What the report says

Elon Musk has spent about $366m since last year to support Republican efforts in the US midterm elections, according to reporting cited by Al Jazeera from Reuters and The Associated Press. The article says Musk’s political action committee, America PAC, confirmed the totals, and that a large share of the money has gone toward a super PAC backing Republican Senate candidates. It describes Musk as a close ally of President Donald Trump and notes that he served as a White House adviser last year.

The spending comes as Republicans try to hold their congressional majorities amid weak approval for Trump and voter concerns about the cost of living. Democrats are hoping those concerns, along with dissatisfaction with the administration, will help them win control of Congress. The article also places Musk’s spending in the wider context of campaign financing, noting that major donors and super PACs are again playing a large role in the race.

Al Jazeera reported that Musk had previously said he intended to step back from political involvement, but his latest donations make him the year’s largest single donor. The piece also says Republican-aligned groups, including MAGA Inc., have given the party a financial edge. More broadly, the article suggests the contest highlights how wealthy donors can shape the spending arms race around US elections.