Politics

Elon Musk becomes top political donor in US midterms cycle

Musk has spent $366 million on the midterms, mostly on rightwing candidates and causes, surpassing what he gave Trump in 2024.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

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What happened

Elon Musk has become the biggest political donor of the US midterms cycle, with $366 million spent so far. Most of his midterm money has gone to rightwing candidates and causes, and about $276 million of it has been funneled into Republican groups since July. His giving now exceeds his contributions to Trump in 2024.

Timeline

  1. Oct 13, 1:13 PM ET: Musk's midterm donations of $366 million were reported as surpassing his 2024 contributions to Trump.
  2. Oct 13, 5:04 PM ET: Since July, Musk has funneled $276 million into Republican groups.
  3. Oct 14, 6:00 AM ET: Musk returned to politics with a redefined role in Washington after a brief hiatus, reviving his position as a major election spender and technology leader.

Coverage

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