SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns

Elon Musk contributed $366 million to political campaigns and committees in 2024, according to Federal Election Commission filings. The Senate races received the largest portion of his spending, as control of the chamber determines committee assignments and legislative priorities affecting aerospace and automotive regulation. Musk's companies SpaceX and Tesla operate under federal licenses and receive federal contracts and tax incentives. FEC records show contributions directed to Republican candidates and independent expenditure committees.

• CNBC — SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns

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