(FILES) Tesla, SpaceX and X CEO Elon Musk looks on ahead of the inauguration ceremony where Donald Trump will sworn in as the 47th US President in the US Capitol Rotunda 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 Chip Somodevilla / POOL / AFP via Getty Images)