Musk Pours $76M Into Midterm Battles As Stakes Rise

A massive cash injection has arrived just days before voters head to the polls.

Elon Musk transferred over $76 million to his personal political committee, America PAC, during the first half of October. A report filed with the Federal Election Commission on Thursday evening revealed this final push to aid Republican candidates. The group spent nearly $43 million in that two-week period. It entered the final stretch of the campaign with close to $47 million in cash reserves. This spending surge places him as the most significant known individual donor in the 2026 midterms. His total contributions to Republican political groups now exceed $445 million for this cycle.

The Texas Senate contest absorbed the largest share of this new money. The PAC allocated $15.2 million to that race, which is double the amount spent there during the summer months. Of that total, $12.4 million was used to attack Democratic challenger James Talarico. Another $2.8 million promoted Republican incumbent Ken Paxton. Daily filings show an additional $9.1 million has gone against Talarico since the initial report. This brings the PAC’s total spending against him this cycle to nearly $28 million. That figure represents about 40 percent of everything the group has spent supporting or opposing candidates. The PAC also shifted its strategy toward digital platforms, spending $11.4 million on online ads in the same window, an amount close to its combined spending on mail and text messages.

Musk has been vocal about the race on social media. On Wednesday, he posted on X that there is something deeply wrong with Talarico. He later labeled the Democrat a creep and claimed without evidence that he would vote to take away your kids and transition them. Earlier in the month, Musk amplified a false claim that Talarico had been treated at a mental health facility. Talarico responded the same day by stating that there is something deeply wrong with a political system that allows one trillionaire to buy his own personal US Senator. America PAC declined to comment on the new spending or the campaign dynamics.

The race in Texas remains tight. An Emerson College poll of 1,000 likely voters conducted from October 17 to 19 found Talarico leading with 48 percent support. Paxton trailed with 46 percent. The margin of error for the poll is three points, meaning the contest is statistically a toss-up.

The stakes for Musk extend beyond the Senate seat. If Democrats secure the House, committee leaders have signaled they will investigate his role in the Department of Government Efficiency. They also plan to look into his companies' federal contracts. Representative Zoe Lofgren, a California Democrat, described the number of conflicts of interest as astounding. Unified Democratic control of Congress would present even greater challenges for the billionaire.

Silicon Valley Democrats added a new target this Friday. They sent a letter to the White House demanding an investigation into restrictions on SpaceX’s Starshield satellite service in Ukraine. Representatives Sam Liccardo, Jimmy Panetta, and Ro Khanna signed the letter. They vowed that the next Congress will closely scrutinize federal funding awarded to Mr. Musk’s businesses.

The next few weeks will determine whether this late surge in spending shifts the balance of power in Washington.

Voters in Texas and other key states will have the final say in the days ahead.