NEW YORK, July 30 (Reuters) - Elon Musk's pro-Trump political group is planning to spend up to $120 million to turn out Republican voters in the November congressional elections, the New York Times reported on Thursday.

America PAC said in a statement to Reuters that it expects to play a major role in the Republican voter turnout effort and argued that the party is well positioned to retain control of Congress despite historical trends that often favor the opposition party in midterm elections.

"We're excited to again be part of the team," Andrew Romeo, the spokesperson for the America PAC, said in the statement. 

He declined to provide further details, including how much America PAC plans to spend, but confirmed an earlier report from Axios that said that the political action committee planned to make a "huge investment" on door knockers, digital advertising and a direct-mail campaign to turn out conservative voters.

The effort would mark one of the biggest outside spending campaigns of the 2026 midterms and further cement Musk's position as one of the Republican Party's most influential financiers. The billionaire Tesla and SpaceX chief spent heavily to help elect President Donald Trump and other Republican candidates in 2024.

With Trump's public approval ratings sagging and the electorate sour on the economy, Republicans face an enthusiasm gap with Democrats, who are seeking to win control of both chambers of Congress. Musk's infusion of cash could provide a major boost to the Republican effort to galvanize voters.  

The voting drive will run across at least eight states, the Times reported, citing two people briefed on the plans who spoke anonymously.  Musk has authorized between $100 million and $120 million on the program, the newspaper reported.

America PAC has already spent $52.3 million since January 1, 2025, according to federal campaign finance filings reviewed by Reuters. The super PAC has raised $50.3 million so far in this election cycle with roughly $50 million of that coming directly from Musk, the filings show. 

So-called super PACs can accept an unlimited amount of money from individuals and corporations. They can also spend as much as they want, but they can't coordinate directly with candidates or campaigns. 

Musk, the richest person in the world, has personally donated more than $85 million toward the midterms, including the money he has donated to America PAC.

Musk's rocket and satellite company SpaceX is a major government contractor with roughly 20% of its revenue coming from the U.S. government.