Elon Musk, the billionaire entrepreneur, has emerged as a significant financial supporter of Republican political causes in the lead-up to the 2026 midterm elections. On June 27, Musk made a notable donation of $5 million to two GOP super PACs, which bolster both House and Senate Republican campaigns. This generous contribution positions him as the leading individual donor for these PACs in the first half of the year, according to the latest federal filings.
The same day, Musk also allocated $5 million to President Donald Trump's super PAC, MAGA Inc., further cementing his role as a substantial political donor. In total, from January to June, Musk's political action committee, America PAC, received over $45 million from him, including nearly $28 million in in-kind contributions and $17.9 million in cash. Part of these funds was directed towards incentivizing voters with $1 million "rewards" for petition signatures.
During the six-month period, America PAC expended a staggering $47.3 million, with $15.5 million spent in the first week of April alone, heavily influencing the Florida special House elections and the Wisconsin state Supreme Court race. Additionally, the PAC invested $6 million in grassroots activities such as field operations and canvassing. A sizable portion also financed mailers, digital advertising, and phone outreach campaigns, as reported by the Conservative Brief.
Despite Musk's earlier attempts to distance himself from Trump this year, his financial commitments suggest a strong alliance with the GOP as the midterms approach. The extent of Musk's political donations remains only partially known, as not all PACs disclose their donors, and more filings are due by the FEC deadline on Thursday night.
Musk's political spending is not unprecedented; in 2024, he donated over $250 million, predominantly to support Trump's re-election. Current discussions are centered around the significant funds he is pouring into his own political venture while simultaneously backing Trump's efforts.
This month, Musk announced the formation of a new third party, the "America Party." However, this announcement arrived after the period covered by the recent filings, leaving the future allocation of his PAC contributions uncertain. A CNN poll indicates that while 63% of adults in the United States desire a new party to challenge the traditional two-party system, only 25% expressed support for a party led by Musk. A mere 23% view Musk favorably, and 60% unfavorably, according to the poll conducted July 10–13 with 1,057 adults, and holding a margin of error of ±3.5%.
The scope and platform of Musk's America Party remain undefined, and its ability to garner sufficient signatures for ballot inclusion is unclear. President Trump derided the concept of a third party on Truth Social, emphasizing the historical lack of success for such endeavors in the U.S. political system.
