Elon Musk has contributed approximately $366 million to the 2026 midterm elections, making him the largest individual donor to date, CNBC reported. This move aims to influence control of the Senate, thereby protecting the interests of his business empire, which includes SpaceX and Tesla, from potential investigations and securing favorable federal contracts, spending, and regulations. So far this year, SpaceX has been awarded $6.78 billion in federal contracts.