Elon Musk has poured roughly $366 million into the 2026 midterm elections while SpaceX has secured $6.78 billion in federal contracts this year, highlighting the intersection of his business interests and political spending.
01Summary
- 01SpaceX has received at least $6.78 billion in federal work this year, nearly double its total for 2024, according to FedScout.
- 02Musk has committed about $366 million to the 2026 election cycle, with at least $276 million going to Republican groups and his America PAC since July.
- 03At least $189.6 million of Musk's political spending is aimed at electing Republican Ken Paxton in Texas, where Tesla and SpaceX are headquartered.
- 04SpaceX has received over $30.7 billion in federal work since 2008, with $2.29 billion from the Space Force in late May for a military communications network.
- 05Musk's America PAC is supporting Senator Susan Collins, chair of the Senate Appropriations Committee, which funds NASA and the Pentagon.
02Why it matters
The outcome of the 2026 midterms could affect federal contracts, regulations and oversight for Musk's companies, including SpaceX and Tesla, as well as his influence in Washington.
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