Elon Musk drives Republican super PACs to $367 million fundraising total
Elon Musk contributed $178 million to Republican super PACs in the third quarter, pushing their total fundraising haul to $367 million.
Billionaire Elon Musk contributed $178 million to two Republican political action committees during the third quarter, helping the groups reach a combined fundraising total of $367 million.
The substantial influx of capital gives the GOP a notable financial advantage entering the final stretch of the election season. Despite the fundraising lead, political analysts note that the party faces challenging odds in retaining its majorities in both the U.S. House of Representatives and the Senate. Musk’s donations accounted for nearly half of the total collected by the two super PACs during this reporting period.
Sources: Bloomberg.