Musk’s Political PAC Injects $76 Million Into Midterm Push

Elon Musk has poured a final wave of personal wealth into the 2026 midterm elections, injecting more than $76 million into his political action committee in the opening days of October.

According to a pre-election report filed with the Federal Election Commission on Thursday evening, America PAC received the substantial sum to support Republican candidates in the final phase of the campaign. The group reported spending nearly $43 million during that same two-week period. As the race enters its closing days, the committee holds approximately $47 million in cash reserves.

The Texas Senate contest absorbed the largest share of these new funds. The PAC allocated $15.2 million to that specific race, a figure that doubles the amount spent in the state throughout the summer. Of that total, $12.4 million was directed toward attacking Democratic candidate James Talarico, while $2.8 million supported Republican Ken Paxton. Subsequent daily filings indicate an additional $9.1 million was spent against Talarico. This brings the committee's total expenditure against the Democrat to nearly $28 million, representing about 40 percent of all funds the PAC has used to support or oppose candidates this cycle. The group also shifted its media strategy, spending $11.4 million on digital advertisements in the same timeframe. This digital spend nearly matched the combined total for mail and texting efforts.

Musk remains the most significant individual donor in these midterms, with contributions to Republican groups exceeding $445 million for the cycle. His personal committee, America PAC, has received more than $165 million since July. The committee did not respond to requests for comment.

The billionaire, who bases major ventures like Tesla and SpaceX in Texas, has also amplified the conflict on social media. On Wednesday, he posted on X that there is "something deeply wrong with Talarico." He later labeled the candidate "a creep" and asserted, without cited evidence, that Talarico would vote to "take away your kids and transition them." Earlier in the month, Musk shared a false claim that Talarico had been treated in a mental health facility. Talarico responded quickly, stating that the political system is flawed if it allows one trillionaire to "buy his own personal US Senator."

The election remains too close to call. An Emerson College poll conducted from October 17 to 19 among 1,000 likely Texas voters placed Talarico at 48 percent and Paxton at 46 percent. This gap falls within the study's three-point margin of error. The stakes for Musk extend beyond the Senate seat. Democrats have signaled that a House victory would lead to investigations into his role in the Department of Government Efficiency, his company's federal contracts, and what California Representative Zoe Lofgren described as an "astounding" number of conflicts of interest.

Further scrutiny is expected if Democrats secure unified control of Congress. On Friday, a group of Silicon Valley Democrats added another target to their list: restrictions on SpaceX’s Starshield satellite service in Ukraine. Representatives Sam Liccardo, Jimmy Panetta, and Ro Khanna sent a letter to the White House demanding an investigation. They pledged that the next Congress would "closely scrutinize federal funding awarded to Mr. Musk’s businesses."