Billionaire Elon Musk, a key supporter of President Trump’s successful 2024 White House bid, has begun major campaign finance operations to support Republicans in the 2026 midterms, according to both Axios and Fox Business.
Musk previously headed the Department of Governmental Efficiency in early 2025. There was a subsequent falling out with President Trump over the Big Beautiful Bill and the President’s decision to withdraw the nomination of Musk ally Jared Isaacman to lead NASA. Musk called the Big Beautiful Bill “a disgusting abomination” and threatened to form a third party to challenge GOP incumbents. However, such a third party would have served little purpose other than to hand safe Republican seats to Democrats.
After the assassination of Charlie Kirk on September 10, relations between Trump and Musk have improved considerably. Musk posted a photo of himself and President Trump with the caption “For Charlie.”
For Charlie pic.twitter.com/8092jIt319
— Elon Musk (@elonmusk) September 21, 2025
Axios also reported that “Trump and Musk allies” have told them that they are “near-certain” that Musk will not follow through on his threat to challenge Republicans with a third party. Musk is now positioning himself as a Republican king-making donor who will send checks to various campaigns and PACs.
Musk had dinner last month with Vice President JD Vance, White House Chief of Staff Susie Wiles, and Taylor Budowich, a former White House deputy. The event was organized by Vance and also in attendance was Jared Birchall, one of Musk’s key lieutenants who has a hand in coordinating Musk’s political operations.
Both the President and Mr. Musk have declined to comment. Behind the scenes it has been reported that Trump has moved on from the fight with Musk earlier this year. For his part, Musk seems to have realized in the wake of Charlie Kirk’s assassination that the Democrats and far leftists are the real problem, not some of the President’s more questionable decisions.
The reconciliation between Trump and Musk is welcome news this holiday season, especially in the wake of several national tragedies and some off-year election losses. 2026 will be just as important of an election as last year, and the MAGA coalition must outgrow the recent infighting and come together as we did in 2024 to achieve victory.
