Musk signals he’ll back Republicans in 2026 – months after feud with Trump and pledging to start new political party  

Billionaire Elon Musk signaled Thursday that he’ll fund Republican candidates ahead of the 2026 midterm elections, arguing the country is doomed if Democrats take control of Congress. 

“America is toast if the radical left wins,” Musk wrote on X. “They will open the floodgates to illegal immigration and fraud. 

“Won’t be America anymore.” 

The Tesla and SpaceX CEO’s post was made in response to a conservative influencer claiming Musk is “going all-in funding Republicans to help President Trump take back full control in the November midterms.” 

The world’s richest man has reportedly already made significant contributions to Republicans in 2026 congressional races, according to Axios. 

The size of Musk’s recent donations won’t be known publicly until campaign finance reports are released later this month. 

Musk shelled out more than $290 million in the 2024 election cycle, making him the top political donor of that year by nearly $100 million. 

Musk’s New Year’s Day post included a clip of Trump patting him on the arm in November, when the former Department of Government Efficiency (DOGE) chief made his return to the White House after a nasty breakup with the president. 

Musk, who was one of Trump’s closest allies on the campaign trail and during his transition and first few months back in office, left the administration in May on seemingly good terms but quickly had a falling out with the president over his support for the “Big, Beautiful Bill.”

The business tycoon threatened to start his own political party, dubbed the America Party, during his feud with Trump but reportedly put the brakes on the idea over concerns it would damage his relationship with Vice President JD Vance, whom he’s considering backing in 2028, the Wall Street Journal reported in August. 

Musk initially proposed running America Party candidates in “2 or 3 Senate Seats and 8 to 10 House districts” in key congressional races, and said he would aim to take out Republican incumbents who supported Trump’s spending bill.

Musk reportedly hasn’t completely ruled out moving forward with the new party and is waiting to see how the 2026 midterm elections shake out, the tech mogul’s allies told the Journal.