Musk spends $276m backing Republicans in midterms — Report
Billionaire Elon Musk has reportedly contributed $276 million to organisations boosting right-wing candidates ahead of the US midterm elections. Read More:…
Elon Musk's foray into American political funding has been closely watched since he threw his financial weight behind Donald Trump's 2024 presidential campaign, a move that saw him become one of the Republican Party's most prominent billionaire backers. His influence extended into government when he was tapped to lead efforts at cutting federal spending, placing him at the centre of debates over the role of wealthy donors in shaping US policy and elections.
The reported $276 million figure, tied to groups supporting right-wing candidates ahead of the midterm elections, underscores the scale of money flowing into American politics from a handful of ultra-wealthy individuals. Midterm elections typically determine control of the US Congress, making early spending by top donors a key indicator of which party may have the resources and momentum heading into the contests. Details on which specific candidates or states have benefited most from Musk's contributions have not yet been disclosed in the available reports.