For the 2026 election cycle, which began in January 2025, the Tesla and SpaceX CEO has already spent $366 million—of which more than $276 million went to Republican groups and his super PAC since July—according to new reporting by the New York Times and Reuters. Representatives for Musk gave the media outlets data on his political largess ahead of the Thursday deadline when many super PACs must disclose their third-quarter spending.
Musk’s America PAC, which was created for the 2024 elections, received over $76 million to try to reach Republican voters and boost turnout. America PAC is boosting Republican candidates in seven battleground states and nearly three dozen House races.
Another $10 million went to the Republican Governors Association, and $2 million to the Republican Attorneys General Association. The Times also reported that Musk has donated more money through groups that have not disclosed their donors.
Musk’s donations signal his commitment to the political right and improving his relationship with Trump and the GOP after a public falling out with the President last year and threat to create a third political party. Republicans are looking to defend their majorities in Congress this November, but the task has appeared much harder as Democrats have made major gains among voters disgruntled by Trump’s policies.
Musk’s evolving attitude toward political spending
At a 2015 Vanity Fair event, Musk said he would “get involved in politics as little as possible,” adding that he spends only a nominal amount for his business interests. Federal Election Commission records show that in 2015, Musk donated $5,000 to Hillary Clinton’s campaign, and another $5,000 to the Democratic Congressional Campaign Committee.
Since then, he’s continued to court the GOP through financing election efforts. During the 2024 election cycle, he created America PAC, though Musk denied reports at the time that he was donating as much as $45 million a month to boost Trump’s election campaign. He’s also targeted swing-state voters, even saying that he would give out a legally questionable $1 million prize to registered voters in a bid to boost turnout.
Musk then took a brief role in the Trump Administration as a special adviser to the President and led the so-called Department of Government Efficiency to reduce federal spending. He oversaw a government restructuring effort that disrupted services, eliminated hundreds of thousands of federal jobs, and led to numerous legal battles. As Musk officially stepped down in May 2025 amid a spat with Trump, he said that he thought he had “done enough” of political spending. But he included a caveat: “If I see a reason to do political spending in the future, I will do it. I do not currently see a reason.”
The latest data on Musk’s spending isn’t surprising, given what’s at stake for him if Republicans lose.
In a Bloomberg podcast published last month, New York Times reporter Maggie Haberman said that Democrats had privately told her they planned to subpoena Musk over DOGE if they gained the power to do so. House Democrats have had multiple unsuccessful attempts to subpoena him since Republicans repeatedly blocked them.
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