Story

Elon Musk-Backed Super PAC to Spend Over $100 Million on GOP Turnout, NYT Reports

ENTHMSVIIDZHZH-TWJAKOHI
Jul 30, 20262 min read
Elon Musk-Backed Super PAC to Spend Over $100 Million on GOP Turnout, NYT Reports
Text size
Background

A super PAC backed by Elon Musk is preparing to spend between $100 million and $120 million to increase Republican voter turnout for the November congressional elections, The New York Times reported on Thursday, citing two people briefed on the plans.

The investment by America PAC would represent one of the most significant outside spending campaigns of the 2026 midterm election cycle and solidifies the Tesla CEO's role as a top financier for the Republican Party.

Campaign Strategy and Scope

The get-out-the-vote initiative is slated to run across at least eight states, according to the Times report. The spending will reportedly target a range of voter-contact methods, including digital advertising, direct-mail campaigns, and on-the-ground door-knocking operations.

In a statement to Reuters, America PAC spokesperson Andrew Romeo confirmed the group expects to play a "major role" in the Republican turnout effort. While declining to specify the total spending, he confirmed an earlier Axios report about a "huge investment" in voter mobilization.

Financial Backing

Sample IUX Markets – In-articleAd

So-called super PACs can raise and spend unlimited amounts of money from individuals and corporations, though they cannot coordinate directly with political candidates. Federal campaign finance filings reviewed by Reuters show America PAC has raised $50.3 million this election cycle, with approximately $50 million coming directly from Musk.

  • The super PAC has already spent $52.3 million since January 1, 2025.
  • Musk's total personal donations toward the midterm elections, including contributions to America PAC, exceed $85 million.

Political Context

The large cash infusion is intended to provide a major boost to Republican efforts to retain control of Congress. The party faces a potential "enthusiasm gap" with Democrats, according to the source material, amid challenges including a sour electorate and sagging approval ratings for former President Donald Trump.

Musk's significant political spending comes as his companies, particularly the rocket and satellite firm SpaceX, operate as major government contractors. According to Reuters, approximately 20% of SpaceX's revenue comes from the U.S. government.

Read next

More on Stocks
Back to latest news

LATEST