Elon Musk contributed over $150 million to bolster the Republican Party in Texas Senate race

Elon Musk has reportedly contributed over $150 million to support the Republican Party in the upcoming Texas Senate race, according to @Kalshi. The funds, channeled through the Senate Leadership Fund, have been directed towards Texas PAC, which supports Republican candidate Ken Paxton. This development comes as the race between Paxton and Democratic state Rep. James Talarico heats up, with recent polls showing a narrow lead for Talarico. Market participants may view Musk’s substantial financial backing as a significant factor potentially boosting Republican efforts in what is traditionally a GOP-leaning seat. The current market pricing on the Texas Senate race suggests growing support for a Republican win, reflecting an increase in perceived competitiveness.

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