Elon Musk, who briefly became the world’s first trillionaire after SpaceX went public in June, is expected to spend up to $200 million on boosting the electoral prospects of Republicans across the country.
🚨Report: Elon Musk is expected to spend between $100 million and $200 million to support Republicans in the 2026 midterm elections
— The Calvin Coolidge Project (@TheCalvinCooli1) August 20, 2026
The spending is expected to focus on voter turnout in key battleground states, including the Texas Senate Race to help Ken Paxton
Via: The Wired pic.twitter.com/oY6akbmrsX
Wired reported that the ultra-rich tech entrepreneur plans on boosting Republicans like Ken Paxton with massive voter-turnout spending as the midterms draw near. Musk conducted similar operations in the lead-up to the 2024 election, which included a $1 million-a-day giveaway for voter registration in swing states.
His midterm spending could dwarf that of in 2024, as he reportedly spent $70 million through his PAC to aid President Donald Trump and down-ballot Republicans while campaigning on the proposed Department of Government Efficiency.
The massive sum will add to the pile of cash that Republicans are touting over their Democrat rivals. The RNC has a $115 million cash-on-hand lead over the DNC, which is saddled with more debt than capital with just 73 days until the election.
To make matters worse for Democrats, Republicans continue to set records for fundraising, and have come out as the clear victors in the battle to redistrict due to the favorable ruling on the Voting Rights Act and Virginia’s illegal redraw.
Any polling favorability for Democrats is likely to narrow as Republicans pour huge sums of funds into key races around the country.
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