Midterm campaign funding is in focus ahead of the November 3, 2026, US congressional elections, with Elon Musk having given $445 million to Republican-aligned political action committees. His contributions include money routed toward a closely watched Senate contest in Texas.

Key Takeaways

  • Musk has given $158 million to a Senate PAC whose money went to a Texas PAC supporting Republican Ken Paxton.
  • All 435 House seats and 33 of the Senate’s 100 seats are up for election.
  • Cost of living, fuel prices and tariffs are among the issues facing voters.

Midterm campaign funding and the Texas race

The Texas Senate race pits Paxton, a former state attorney general, against Democrat James Talarico. Musk’s $158 million contribution went to a Senate PAC, which in turn sent money to a Texas PAC that became the largest contributor to Paxton’s campaign.

Talarico has warned that Paxton would be Musk’s “personal senator.” The outcome of the race remains uncertain.

Congressional control and economic issues

Republicans hold a slim majority in the House of Representatives and 53 seats in the Senate. President Donald Trump is not on the ballot, but his administration’s policies are part of the campaign debate.

Voters face concerns about living costs and high gasoline prices, alongside debate over tariffs and the Iran war. Candidates in close races are addressing affordability as they seek support.

Next milestone

Voters will decide the congressional races on November 3.

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