Elon Musk helps GOP Senate super PAC raise record $273 million
Elon Musk gave a record $158 million to the GOP’s Senate Leadership Fund, boosting its war chest as Republicans pour money into Texas to defend Ken Paxton.
CNBC reports: Elon Musk gave a record $158 million to the GOP’s Senate Leadership Fund, boosting its war chest as Republicans pour money into Texas to defend Ken Paxton.
This business story centres on the United States. Names and organisations mentioned in the coverage include Elon Musk, GOP Senate and PAC.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- Elon Musk, GOP Senate, PAC, GOP’s Senate Leadership Fund
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Paxton v Talarico: tens of millions of dollars pour into closely watched Texas Senate race
Elon Musk has spent $158m in a month to back Republicans in midterm races – with his efforts mostly focused on Texas Tens of millions of dollars are…
Musk has spent $276 million on midterms to help Republicans retain control of Congress
Elon Musk’s largesse, makes the world’s richest person likely the single-biggest political donor in this year’s races, according to campaign finance…
Elon Musk spends $366m to bolster Republican Party in US midterm elections
The barrage of spending comes as Republicans fight to overcome Trump's slipping popularity and cost of living concerns.
How much money has Musk given to Republican groups since July? The quiz knows
Plus, this week saw comings and goings at the White House, the revenge of a child (reality) star, and Elon Musk doing Elon Musk things.
Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
Existing ethical rules mean the fund is not permitted to invest in companies like Lockheed Martin and Boeing.
Germany, France agree deal to support European car industry
Car makers in Europe have so far struggled to compete with Chinese electric car companies.
China-North Korea border bridge may do little to spur trade, experts say
Sanctions and a North Korean leadership that prioritises security dim prospects for trade, analysts say.
EU leaders face budget divisions, discuss Ukraine at Brussels summit
European Union leaders gathered in Brussels on Thursday for a two-day summit to discuss the bloc’s next long-term budget, continued support for…



