Billionaire spending surge in 2026 midterm elections

Billionaires and tech industry figures are directing hundreds of millions of dollars toward the 2026 midterm elections, with the vast majority of funding supporting Republican candidates and conservative groups. Elon Musk alone plans to spend $100-120 million through his America PAC, while the AI industry and other wealthy donors have collectively contributed over $433 million to the race.

This is a long-running storyline that has developed over 10 days. The homepage highlights its most recent activity, so the outlet count there reflects the latest wave. The totals above cover the full run.