Federal Election Commission disclosures released this week show that former president Donald Trump’s main outside vehicle, the super PAC Maga Inc., finished June with roughly $200 million in cash after raising almost the same amount during the first six months of 2025. Including affiliated committees, the Trump political operation collected about $236 million—an extraordinary haul for a second-term president who is not currently on the ballot. Technology billionaire Elon Musk emerged as the single largest individual donor. The filings indicate that on 27 June he sent $5 million to Maga Inc. and an identical amount each to the Senate Leadership Fund and the Congressional Leadership Fund, for a combined $15 million to Republican groups made while he was publicly sparring with the White House. Separate reports show Musk also injected $45.3 million into his own America PAC earlier in the year, bringing his disclosed political giving for the half-year period to roughly $60 million. Other deep-pocketed supporters include quantitative-trading entrepreneur Jeff Yass, who steered about $37 million to conservative causes, and a wave of crypto-industry benefactors. Companies and executives tied to digital-asset firms contributed more than $26 million to Maga Inc., highlighted by $5 million from Blockchain.com and $3 million each from venture capitalists Marc Andreessen and Ben Horowitz. The cash stockpile, more than double what the Republican National Committee had on hand at the same point, gives Trump wide latitude to shape the 2026 midterm landscape and underlines the degree to which affluent financiers—particularly from technology and cryptocurrency circles—are bankrolling Republican efforts even as the party’s relationship with some donors remains publicly fractious.