Entrepreneur Musk, who once publicly criticized US President Trump and announced the formation of a third party, once again used his “banknote power” to fund the Republican Party in the 2026 midterm elections. On the 16th, the US Axios News Network quoted people familiar with the matter as reporting that Musk had resumed campaign funding for the Republican Party on the eve of the 2026 midterm elections and “firmly returned to the Republican Party camp.” This move shows that the relationship between the two has eased since he had a standoff with Trump earlier this year. Sources revealed that the billionaire recently donated huge sums of money to help the Republican Party win next year's congressional election, and said he will continue to invest throughout the 2026 election cycle.

Entrepreneur Musk, who once publicly criticized US President Trump and announced the formation of a third party, once again used his “banknote power” to fund the Republican Party in the 2026 midterm elections. On the 16th, the US Axios News Network quoted people familiar with the matter as reporting that Musk had resumed campaign funding for the Republican Party on the eve of the 2026 midterm elections and “firmly returned to the Republican Party camp.” This move shows that the relationship between the two has eased since he had a standoff with Trump earlier this year. Sources revealed that the billionaire recently donated huge sums of money to help the Republican Party win next year's congressional election, and said he will continue to invest throughout the 2026 election cycle.