The head of SpaceX and the world’s richest person, Elon Musk, spent approximately $366 million as part of the 2026 election cycle on the U.S. midterm elections, with $276 million spent since July to help Republicans retain control of Congress, Reuters and The New York Times write.

The NYT notes that Musk’s large expenditures make him the biggest known political donor in the current elections.

As Reuters writes, “a lot is at stake” for Musk in these elections, as Democrats in the U.S. House of Representatives are seeking investigations into his government contracts as CEO of SpaceX and his activities as head of the Department of Government Efficiency.

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