www.cnbc.com Elon Musk Invests $76 Million in Midterms to Influence Political Landscape
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- •Elon Musk donated over $76 million to America PAC in October 2026.
- •The Texas Senate race has received nearly $28 million in spending against James Talarico.
- •Musk's total contributions for the midterms are around $366 million, primarily supporting Republicans.
Elon Musk contributed over $76 million to America PAC in early October 2026 to support Republican candidates in the midterm elections. This funding primarily targets the Texas Senate race, with nearly $28 million spent against Democratic candidate James Talarico. Musk's total contributions for the 2026 election cycle have reached approximately $366 million, making him the largest individual donor. The PAC's spending strategy has shifted towards digital ads, with a significant portion allocated to attacking Talarico. The stakes are high for Musk, as a Democratic win could lead to investigations into his business dealings and federal contracts. The Texas race remains competitive, with polls showing Talarico and Republican Ken Paxton in a tight race. If Democrats gain control, they may scrutinize Musk's involvement in government contracts and regulations affecting his companies.
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