Elon Musk Was the Top 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 what second-place donors Dick and Liz Uihlein spent. Totals differ by outlet. The money ran through America PAC, a political committee registered with the Federal Election Commission, and is expected to rise as later donations are reported.