Far-right billionaire Elon Musk is spending an unprecedented fortune helping the Republican Party maintain its majorities in Congress, according to a Monday report in The New York Times.

The Times used filings made with the Federal Election Commission (FEC) to calculate that Musk has funneled at least $276 million to GOP groups and his own super political action committee (PAC) since July alone.

In total, the Times estimated that Musk has given $366 million in campaign contributions during the 2025-26 election cycle, which is even more than the $290 million he gave during the 2023-24 election cycle to return President Donald Trump and the GOP to power.