Musk supported Republicans ahead of the congressional elections with a record amount.

Elon Musk has emerged as the largest political donor in 2024, contributing over $442 million to Republican candidates, particularly in Texas. His organization, America PAC, has actively supported Republican campaigns, including those of Ken Paxton and Donald Trump's MAGA Inc. Despite his significant donations, Musk has not publicly endorsed candidates as he did in the past, raising concerns among some Republicans about his influence. Meanwhile, Democratic candidates have raised substantial funds, outpacing Republicans in key states. The Supreme Court's recent ruling has further influenced campaign financing, removing limits on contributions from political parties to candidates, which has implications for all political factions. The overall spending on political advertising is projected to reach $11.6 billion this election cycle, with both parties vying for voter support.