(FILES) Tesla and SpaceX CEO Elon Musk speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by ANGELA WEISS / AFP via Getty Images)