Politics
REPORT: Elon Musk Plans To Boost GOP With Massive Midterms Fundraising Push
Tech billionaire Elon Musk is planning to boost the Republican Party in the 2026 midterm elections with a massive fundraising push, according to a report from Axios.
After a messy exit from the Trump Administration and public feud with the president this past June, Trump and Musk have since made amends. Musk toyed with the idea of starting a new political party at the height of the feud, though he has since held multiple meetings with the president and senior cabinet members.
Trump also re-nominated longtime Musk ally Jared Isaacman to lead NASA after pulling it during the feud, while Musk has been spotted at Mar-A-Lago for a handful of events in recent weeks.
Now, Musk is planning to help advance the president’s agenda by contributing to midterm election campaigns. Two sources familiar with the matter told Axios that the X, Tesla and SpaceX chief recently cut “big checks” to help Republican candidates win tight congressional races in next year’s elections, adding that he indicated plans to contribute more in the near future.
Musk’s donation amounts will not be disclosed publicly until campaign finance reports are released next month. His support could provide a massive boost to vulnerable GOP candidates in what projects to be a hyper-competitive midterm elections cycle, however.
Musk — the world’s richest man — previously contributed a little more than $290 million to Republican causes during the 2024 campaign cycle, the vast majority of which went towards supporting Trump’s presidential campaign.
Musk holds a joint-press conference with President Trump in the Oval Office on February 11, 2025
Musk’s latest donations came after he had dinner with Vice President JD Vance, White House Chief of Staff Susie Wiles and Taylor Budowich, a former White House deputy chief of staff who maintains a close relationship with the administration.
Vance — who has been credited with mending relations between Trump and Musk — helped organize the dinner at the vice president’s residence at the Naval Observatory.
Musk was heavily involved with the administration throughout the first few months of the president’s second term, after he was nominated to lead the Department of Government Efficiency (DOGE). The effort was launched to clean up government waste and reign in bureaucracy, which has continued since Musk’s departure.
After the falling out, Vance reportedly cooled tensions and convinced Musk to abandon his “America Party” idea in favor of allying with Republicans in 2028 and beyond. Tensions have indeed thawed, as the tech billionaire was seen shaking hands with President Trump at Charlie Kirk’s memorial service back in September.
Last month, Musk was among the attendees at Trump’s White House dinner for Saudi Crown Prince Mohammed bin Salman.
