Elon Musk Enters U.S. Midterm Elections, Spending $8 Million in Two Weeks
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- 2026-09-04 10:56:29
- Updated
- 2026-09-04 10:56:29
[Financial News] Elon Musk, the SpaceX and Tesla chief executive officer (CEO) who has spent large sums to help Republicans win during U.S. election seasons, has entered this year’s midterm elections as well.
According to CNN and other outlets on the 3rd (local time), America PAC, the super PAC founded directly by Musk, disclosed its first midterm-election expenditures to the Federal Election Commission the previous night.
The filing showed that America PAC spent a total of $800,000 over roughly two weeks, from the 18th through the 31st of last month. About 90% went to U.S. Senate elections. In particular, it spent $247,000 on the U.S. Senate race in Texas alone.
Texas, home to the headquarters of SpaceX and Tesla, has traditionally been a Republican stronghold. However, it has emerged as a battleground in this midterm election.
Democratic candidate James Talarico and Republican candidate Ken Paxton are engaged in a close contest. Talarico’s campaign has spent $25 million on advertising since late May, far outspending Paxton’s campaign.
America PAC also spent $170,000 on the Maine race, where Republican Senator Susan Collins is seeking reelection, and $106,000 on the Ohio race, in which Republican Senator John Husted is running.
It spent a total of $90,000 on U.S. House elections as well, supporting races in parts of Wisconsin, New York, Virginia, New Jersey, Pennsylvania, and Florida. Most of the expenditures were classified as printing costs, suggesting that they were primarily used for direct-mail advertising.
Musk is expected to put even more money into the elections going forward.
Musk spent $260 million to help then-candidate Donald Trump win the 2024 presidential election. Although he later said he would sharply reduce his political spending, The New York Times (NYT) reported in July that Musk had approved a plan to spend up to $120 million on America PAC for the November midterm elections.
[email protected] Reporter Lee Seok-woo Reporter