MAGA Inc. super PAC has $294 million cash on hand for 2026 midterms

A super PAC aligned with President Donald Trump has nearly $300 million in its war chest ahead of the 2026 midterm elections, according to records filed with the Federal election Commission (FEC) on Thursday.

MAGA Inc. announced It reported $294 million in cash in its most recent campaign finance disclosure, which the super PAC said would 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 to secure our borders, keep our streets safe, strengthen our economy, and make life more affordable for all Americans,” a MAGA 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 worth at least $1 million.

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The largest contribution came from OpenAI president and co-founder Greg Brockman, who donated $25 million in September.

Brockman said in an X post this week that he will become more politically active in 2025, including through political contributions that reflect “support for policies that promote American innovation and constructive dialogue between government and the technology sector.”

The fundraising came even though Trump was 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 did not play a significant role in the 2022 midterm elections, choosing instead to save its money for Trump’s 2024 campaign.

Super PACs spent $456 million supporting Trump’s bid to return to the White House, according to OpenSecrets, a nonprofit that tracks campaign finance data.

MAGA ran ads in November supporting Republican candidate Matt Van Epps, who Trump endorsed and went on to defeat Democrat Aftin Behn in a congressional race in Tennessee.

Elon Musk, the billionaire technology entrepreneur and CEO of SpaceX and Tesla, has signaled his openness to supporting Republican candidates in the midterm elections.

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Billionaire businessman Elon Musk has indicated that 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 Channel X on Thursday. “They will open the doors to illegal immigration and fraud.”

Fox News Digital’s Paul Steinhauser contributed to this report.