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A super PAC aligned with President Donald Trump has nearly $300 million in its war chest heading into the 2026 midterms, according to records filed with the Federal Election Commission (FEC) on Thursday.
MAGA Inc. reported $294 million in cash on hand in its latest campaign finance disclosure, which the super PAC said will be used to support candidates aligned with the president’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, according to the New York Post.
The super PAC raised $102 million in the second half of 2025, including 25 donations of at least $1 million.
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Crowds react as President Donald Trump delivers remarks on the economy at Mount Airy Casino Resort in Mount Pocono, Pennsylvania, Tuesday, Dec. 9, 2025. (Molly Riley/Official White House Photo)
The largest contribution came from OpenAI president and co-founder Greg Brockman, who donated $25 million in September.
Brockman said in a post on X this week that he had become more politically active in 2025, including through political contributions that reflect “support for policies that advance American innovation and constructive dialogue between government and the technology sector.”
The fundraising haul came even though Trump is not on the ballot this year, underscoring the super PAC’s focus on supporting Republicans in upcoming races.
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President Donald Trump smiles during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. (Rebecca Noble/Getty Images)
MAGA Inc. did not play a significant role in the 2022 midterms, opting instead to save its money for Trump’s 2024 campaign.
The super PAC spent $456 million supporting Trump’s bid to return to the White House, according to OpenSecrets, a nonprofit organization that tracks campaign finance data.
MAGA Inc. launched ads in November backing Republican candidate Matt Van Epps, who was endorsed by Trump and went on to defeat Democrat Aftyn Behn in a Tennessee congressional race.
Elon Musk, the billionaire technology entrepreneur and chief executive of SpaceX and Tesla, has signaled an openness to supporting Republican candidates in the midterms.
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Billionaire entrepreneur Elon Musk has indicated he may support Republican candidates in the upcoming midterm elections. (BRENDAN SMIALOWSKI/AFP via Getty Images)
“America is toast if the radical left wins,” he posted on X on Thursday. “They will open the floodgates to illegal immigration and fraud.”
Fox News Digital’s Paul Steinhauser contributed to this report.
