MAGA Inc., a super PAC aligned with President Trump, is heading into the 2026 midterms with roughly $300 million in the bank, the group’s latest campaign finance disclosure revealed.
The super PAC raised over $102 million between July 1, 2025 and Dec. 22, 2025, adding to $196 million in cash on hand it reported at the beginning of the period, the document filed with the Federal Election Commission on Thursday showed.
In total, MAGA Inc. reported more than $294 million in its stockpile.
A spokesperson for the organization said it ended the year with a $304.3 million war chest, and plans to use the money to back candidates who support Trump’s agenda.
“Thanks to President Trump’s leadership, MAGA Inc will have the resources to help candidates who support President Trump’s America First agenda of securing our border, keeping our streets safe, supercharging our economy, and making life more affordable for all Americans,” a MAGA Inc. spokesperson said in a statement.
The largest contributions to the super PAC came from OpenAI co-founder Greg Brockman, who donated $25 million in September, and Foris DAX Inc., a corporate entity of Crypto.com, that gave $20 million between September and October.
Private equity investor Konstantin Sokolov donated $11 million and Blackstone CEO Stephen Schwarzman gave $5 million to MAGA Inc. in the second half of last year, according to the filing.
Other notable donations included a $1 million contribution from e-cigarette maker Juul Labs and another $1 million give from tech billionaire and NASA Administrator Jared Isaacman.
Congressional Republicans are also expected to receive a big boost from Tesla and SpaceX CEO Elon Musk, who signaled that he’s going all-in in support of GOP candidates in the new year.
“America is toast if the radical left wins,” Musk wrote on X Thursday. “They will open the floodgates to illegal immigration and fraud.
“Won’t be America anymore.”
Musk’s post followed an Axios report from mid-December indicating that the world’s richest man has already made significant contributions to Republicans ahead of the 2026 midterm elections.
The tech tycoon shelled out more than $290 million in the 2024 election cycle, making him the top political donor of that year by nearly $100 million.
