00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk has committed roughly $366 million to the 2026 midterms
00:08as his companies face major federal funding and regulatory decisions, according to CNBC.
00:13At least $276 million has gone to Republican groups and his America PAC since July.
00:20SpaceX has secured $6 billion in federal work this year through October 1st,
00:26nearly double its 2024 total.
00:28Musk has directed at least $189.6 million
00:32towards supporting Republican Senate candidate Ken Paxton in Texas,
00:36where several of his companies operate.
00:38Texas is home to several of Musk's businesses,
00:41giving state officials influence over taxes, electricity,
00:45permitting, and infrastructure decisions that affect his companies.
00:48His political spending also extends to Michigan, Ohio, and Maine.
00:53Republican victories could help preserve Musk's political influence,
00:56while Democratic control of Congress could bring investigations into his businesses
01:01and government contracts.
01:02For all things money, visit Benzinga.com.
