Paxton v Talarico: tens of millions of dollars pour into closely watched Texas Senate race
Summary
Large amounts of money are being spent on the Texas Senate race as Democrats try to win a seat in a Republican area. Elon Musk has donated hundreds of millions of dollars to support Republican candidates, including Ken Paxton, who is competing against Democrat James Talarico in this close race.Key Facts
- Elon Musk donated $158 million to the Senate Leadership Fund in September, more than half of their total fundraising that quarter.
- Musk also gave $10 million to Lone Star Liberty Pac, which supports Republican Ken Paxton.
- Democrat James Talarico raised $64 million in the third quarter, the largest ever for a Senate candidate in that period.
- Polls show Paxton and Talarico are tied or Talarico is slightly ahead.
- The Texas Senate race is very competitive and expected to cost between $150 million and $200 million.
- Donald Trump personally chose Paxton as the Republican candidate.
- Musk’s donations in the 2025-2026 election cycle have reached about $366 million, more than during the 2024 cycle.
- Musk’s increased spending came after he initially said he would reduce his political donations.
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