Elon Musk becomes biggest donor of US midterms cycle with $366m spent

Elon Musk has emerged as the largest political donor in the 2026 US midterm elections cycle, contributing approximately $366 million to various political groups and campaigns. This significant financial backing primarily supports conservative candidates and rightwing causes, marking a notable increase in his political spending, especially since July.

Musk's donations have surpassed his contributions to Donald Trump's 2024 presidential campaign, where he invested nearly $300 million. His recent spending spree is seen as a strategic move to influence key races that will determine control of the US Senate. The New York Times first reported these spending figures, which are set to be officially released in a federal filing on Thursday.