Elon Musk Was the Largest Individual Donor in the 2026 Midterms, at Nearly $500 Million

Elon Musk spent between $440 million and nearly $500 million backing Republican candidates in the 2026 midterms, more than three times the spending of second-place donors Dick and Liz Uihlein. Reported totals vary by outlet. The money ran through America PAC, a Federal Election Commission-registered committee, and is expected to rise as later donations are reported.