Musk commits $366M to 2026 midterms as SpaceX federal contracts surge
Overview
Elon Musk has committed roughly $366 million to the 2026 election cycle across at least 40 races, according to a CNBC analysis of FEC filings.
At least $276 million of that has gone to Republican groups and his America PAC since July.
Over the same period, SpaceX has received at least $6.78 billion in federal work through Oct. 1 this year, nearly double its 2024 total, according to research firm FedScout. The report describes the figures as a comparison and does not state that the political spending affected the contracts.
Written by AI from the articles below · updated Oct 24, 1:15 PM ET
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- CNBC · TechnologyNewsElon Musk pours $366 million into 2026 midterms as SpaceX federal work surges
AIElon Musk has committed roughly $366 million to the 2026 election cycle across at least 40 races, according to a CNBC analysis of FEC filings, with at least $276 million going to Republican groups and his America PAC since July. SpaceX has received at least $6.78 billion in federal work through Oct. 1 this year, nearly twice its 2024 total, according to research firm FedScout.
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