Republicans · Elon Musk · US Senate · Federal Reserve (FED) · Tesla · CNBC Technology
Elon Musk helps GOP Senate super PAC raise record $273 million
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The Senate Leadership Fund, the Republican Party's leading Senate super PAC, posted the largest quarterly haul in its history and entered the final weeks before the Nov. 3 midterm election with more than $155 million in cash, according to a new Federal Election Commission filing Thursday.
Key facts
- The group brought in nearly $116 million in the third quarter of 2024 and $111 million in 2022
- The SLF brought in $272.9 million from July through September, including $209.7 million from donors
- Republican groups spent roughly $122 million in Texas in September alone and had another $66 million in advertising reserved through Election Day as of the beginning of October, according to AdImpact
- Tesla and SpaceX CEO Elon Musk supplied the bulk of that money, giving the SLF $158 million in September through an affiliated Texas PAC created to support Republican Ken Paxton
Summary
The SLF brought in $272.9 million from July through September, including $209.7 million from donors. Tesla and SpaceX CEO Elon Musk supplied the bulk of that money, giving the SLF $158 million in September through an affiliated Texas PAC created to support Republican Ken Paxton. Musk's contribution alone also exceeded the Democratic Senate Majority PAC's entire third-quarter fundraising. The SLF's haul shattered its own previous records.