(FILES) Tesla and SpaceX CEO Elon Musk gestures as he speaks during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. 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)