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VOL. IV
NO. 286
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* Today's news, fully digested. *
Late Edition | Tuesday, October 13, 2026 | themorningdump.com | Story 4 of 5
Money Desk | Tuesday, October 13, 2026
MAN WHO SAID HE WAS DONE WITH POLITICS SPENDS $276 MILLION ON POLITICS

MAN WHO SAID HE WAS DONE WITH POLITICS SPENDS $276 MILLION ON POLITICS

Elon Musk has moved more than $276 million into Republican groups since the start of July, making him the biggest known donor of the 2026 midterms. His own representatives handed the numbers to the New York Times before Thursday's filing deadline, which is one way to be quiet about it. The breakdown is where it gets stupid. $158 million went to the Senate Leadership Fund, the most that group has ever taken from one donor in a quarter, and more than its Democratic counterpart raised from every donor it has that quarter. Another $76 million went to his own America PAC. Then $20 million to the House Republicans' super PAC, $10 million to a PAC boosting Texas AG Ken Paxton, $10 million to the Republican Governors Association, and $2 million to the Republican attorneys general, which at that point is tip money. Musk's PAC spokesman says a Democratic sweep means a socialist, woke, borderless America. Democrats say he is simply trying to buy the elections outright. Both sides are describing the same wire transfer. Total for the 2025-26 cycle: roughly $366 million, more than the $290 million he spent in 2024, and all of it after he announced last May that he'd done enough.

Why you should give a shit: When one man can out-donate an entire party's donor list and still call it scaling back, your November 3 ballot is less a vote than a formality he already paid for.

Sources

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