According to Open Secrets, total spending on the 2026 US midterm elections could reach $11.9 billion — roughly 30% more than in 2022. The largest donor is Elon Musk, who has directed nearly half a billion dollars to Republicans, primarily in Texas.
An AFP analysis of federal data shows that five 'dark money'-funded super PACs poured more than $1 billion into the US midterm election campaign — nearly a third of all outside spending this cycle. About two-thirds of the sum went to benefit the Republican Party, thanks in part to Elon Musk, who contributed nearly $450 million. Democrats, meanwhile, lead in direct donations to candidates. An AFP analysis of federal data shows that five 'dark money'-funded super PACs have poured more than $1 billion into the US midterm election campaign — nearly a third of all outside spending this cycle. About two-thirds of the sum has benefited the Republican Party, thanks in part to Elon Musk, who contributed nearly $450 million. Democrats, meanwhile, lead in direct donations to candidates.