• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsElon Musk

Musk is a majority-maker, and he won’t let Congress forget it

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
January 4, 2025, 10:37 AM ET
Elon Musk with his son "X" before a meeting with members of Congress at the US Capitol on Dec. 5.
Elon Musk with his son "X" before a meeting with members of Congress at the US Capitol on Dec. 5.Roberto Schmidt—AFP via Getty Images

Mike Johnson, fresh off a narrow reelection as US House speaker, now commands the slimmest congressional majority since 1930. It beats being in the minority, which is where Republicans seemed headed if not  — at least partly — for a late infusion of cash from Elon Musk.

Recommended Video

A political action committee controlled by the world’s richest man spent $19.2 million in the final six weeks of the 2024 election to back Republicans in too-close-to-call races around the country, according to public reports filed with the Federal Election Commission. Ten of the PAC’s 18 chosen candidates won, flipping seats in Colorado and Alaska, claiming a vacancy in Michigan and holding off  stiff challenges in Iowa, Nebraska and New York.

In their first votes of 2025, all 10 joined their GOP colleagues in supporting Johnson, who also had the backing of President-elect Donald Trump – and Musk.

Musk, of course, has loudly and repeatedly declared his intentions to influence lawmakers on behalf of Trump. On X, he has a megaphone to frame issues – sometimes with misinformation – rally supporters and attack opponents. But with $437 billion in personal wealth and a political funnel in America PAC, he’s also begun to directly shape the makeup of the legislative body. 

Now there are Musk-backed lawmakers on committees that oversee transportation, space, artificial intelligence, social media, defense spending and other areas that directly affect Musk’s companies. The billionaire has promised more to come ahead of the 2026 midterm elections.

A spokesman for America PAC didn’t respond to requests for comment. 

“Normally, PACs go somewhat dormant after a big election,” Musk wrote on X. “@America PAC is going to do the opposite and keep grinding, increasing Republican registrations in key districts around the country, in preparation for special elections and the midterms.”

Legislators are still figuring out how to react to Musk’s money, his megaphone and his proximity to Trump. Dozens, including at least two Democrats, have joined the new DOGE caucus, which pledges to support the so-called Department of Government Efficiency, an effort to slash federal spending helmed by Musk and Vivek Ramaswamy.

The impact of Musk’s spending – and what it portends for the future – can’t be overstated, Craig Holman, government affairs lobbyist for Public Citizen, said. Every incumbent wants him to help the GOP hold its majority. By threatening to set up and fund primary challenges to lawmakers who oppose Trump’s legislative agenda, Musk may influence candidates for years to come.

“His money can be the very sole deciding factor in who’s running for office,” Holman said. “He’s probably the most persuasive person roaming the halls of Congress.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Politicsdavid sacks
Can there be competency without conflict in Washington?
By Alyson ShontellDecember 13, 2025
2 hours ago
PoliticsAffordable Care Act (ACA)
With just days to go before ACA subsidies expire, Congress is about to wrap up its work with no consensus solution in sight
By Kevin Freking, Lisa Mascaro and The Associated PressDecember 13, 2025
4 hours ago
PoliticsDonald Trump
Trump couldn’t insult his way to victory in Indiana redistricting battle. ‘Folks in our state don’t react well to being bullied’
By Thomas Beaumont, Isabella Volmert and The Associated PressDecember 13, 2025
4 hours ago
HealthAffordable Care Act (ACA)
A Wisconsin couple was paying $2 a month for an ACA health plan. But as subsidies expire, it’s soaring to $1,600, forcing them to downgrade
By Ali Swenson and The Associated PressDecember 13, 2025
4 hours ago
EconomyFederal Reserve
Trump names Warsh, Hassett as top Fed contenders, WSJ says
By Jennifer A. Dlouhy and BloombergDecember 12, 2025
20 hours ago
PoliticsMilitary
Trump says ‘starting’ land strikes over drugs in latest warning
By Justin Sink and BloombergDecember 12, 2025
20 hours ago

Most Popular

placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
22 hours ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
24 hours ago
placeholder alt text
Success
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
By Emma BurleighDecember 12, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.