Elon Musk becomes biggest political donor of US midterms cycle with $366m spent

Elon Musk has spent approximately $366 million on US midterm elections, making him the largest donor of the cycle. This significant amount, mostly going to right-wing candidates and causes, surpasses his previous contributions to other politicians, including those in the 2024 presidential election. Musk's spending has been rapid, with over $276 million invested since July alone, marking some of the fastest political spending in US history. This massive investment in US politics could have significant implications for the country's future, particularly in determining which party controls the U…

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Elon Musk's large donations to rightwing candidates and causes could lead to a shift in policy that benefits US businesses. This could result in increased investor confidence and a boost to the stock market.

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