The Economic Times

Elon Musk's $366 million political spending surge: Why he's backing Republicans in 2026 midterms

Elon Musk, previously intending to reduce political spending, has emerged as a major Republican donor. His $366 million contributions are aimed at crucial midterm elections, emphasizing his evolving political involvement. Funding includes significant amounts to super PACs supporting Republican candidates in key races. This financial support could influence both congressional majorities and future scrutiny of Musk's business dealings.