Key facts
- Trump and Musk-affiliated PACs are spending tens of millions of dollars to support Republican candidates in the upcoming midterm elections.
- No Going Back, a PAC linked to Trump, has reserved over $24.9 million in ad time in Alaska, Georgia, Michigan, North Carolina, New Hampshire, and Ohio.
- Musk's America PAC and Trump's MAGA Inc. have jointly contributed $12.4 million to a Texas Senate race.
- A significant portion of the Texas funding, $6.9 million, is for attack ads against Democratic candidate James Talarico.
- Musk's America PAC has also spent over $7 million on voter turnout efforts.
- The new PAC No Going Back registered with the FEC on September 1, with donor disclosure delayed until late October.
Two of the largest Republican fundraising entities, one associated with President Donald Trump and the other with billionaire Elon Musk, are significantly increasing their spending on the upcoming midterm elections. With less than eight weeks until Election Day, these groups are reserving millions of dollars for television advertisements and voter turnout initiatives in crucial battleground states.
Trump has indicated plans to spend between $400 million and $500 million to support Republican candidates. His affiliated PAC, No Going Back, has already secured over $24.9 million in ad time across six states: Alaska, Georgia, Michigan, North Carolina, New Hampshire, and Ohio, according to AdImpact. This new PAC, which registered with the Federal Election Commission on September 1, shares a treasurer, phone number, and address with Trump's main fundraising arm, MAGA Inc., though they are not formally affiliated. Republican strategists suggest the new PAC's innocuous name may help distance Trump's brand from direct campaign donations.
In parallel, Musk's America PAC and Trump's MAGA Inc. have jointly invested $12.4 million into the Texas Senate race, where Republican Attorney General Ken Paxton is facing a challenge from Democratic state lawmaker James Talarico. Approximately $6.9 million of this funding is designated for attack ads against Talarico, who currently leads Paxton in polls. Musk's PAC also expects to play a significant role in Republican voter turnout efforts, having already spent over $7 million on various campaign activities. The timing of No Going Back's registration means full donor disclosure will be delayed until late October, per FEC rules.