Updated
Updated · POLITICO · Oct 16
Musk, Uihlein and Yass Pour Over $600 Million Into Republicans
Updated
Updated · POLITICO · Oct 16

Musk, Uihlein and Yass Pour Over $600 Million Into Republicans

3 articles · Updated · POLITICO · Oct 16

Summary

  • $276 million from Elon Musk in the third quarter made him the cycle’s biggest Republican backer by a wide margin, according to new FEC filings.
  • Richard Uihlein added $66 million to a super PAC active in federal and state races, lifting his cycle total past $130 million, while Jeff Yass gave another $10 million to a PAC backing Vivek Ramaswamy’s Ohio gubernatorial bid.
  • Together, the three billionaires have supplied more than $600 million in federal donations to Republicans this cycle, a POLITICO review found.
  • Those filings underscore record super PAC spending this fall as Republicans try to use a large cash edge to offset a harsh national political environment ahead of the midterms.

Insights

What hidden policy expectations drive tech and crypto megadonors to pour millions into single-donor super PACs?