According to CoinMeta, and as reported by The New York Times, Musk plans to invest at least $100 million during the midterms to support the Republican Party. A year after expressing disappointment in the Republican Party and threatening to form a third party, Musk seems to have returned to the Republican camp, ready to invest heavily in supporting candidates during the elections. Sources familiar with the matter reveal that Musk has authorized his Super Political Action Committee to spend $100 million to $120 million on grassroots activities in at least eight states to help Republican candidates win in the November elections. The exact amount may change, but Musk's financial commitment is considered reliable.