(FILES) Tesla, SpaceX and X CEO Elon Musk looks on ahead of the inauguration ceremony where Donald Trump will sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by Chip Somodevilla / POOL / AFP via Getty Images)

(FILES) Elon Musk looks on during a Cabinet Meeting in the Cabinet Room of the White House March 24, 2025 in Washington, DC. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by Brendan Smialowski / AFP via Getty Images)

(FILES) Tesla and SpaceX CEO Elon Musk gestures as he speaks during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by ANGELA WEISS / AFP via Getty Images)

(FILES) Tesla and SpaceX CEO Elon Musk speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by ANGELA WEISS / AFP via Getty Images)

(FILES) Tesla and SpaceX CEO Elon Musk gestures as he steps on stage during a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress in November's midterm elections, Axios reported on July 30, 2026. The reported splurge will revive the political operation that made Musk the biggest financial backer of Donald Trump's stunning return to power in the 2024 presidential election. (Photo by ANGELA WEISS / AFP via Getty Images)

Bank of England (BoE) Deputy Governor Clare Lombardelli (L), BoE Governor Andrew Bailey (2nd L), head of media Katie Martin (2nd R) and BoE Deputy Governor for Markets and Banking Dave Ramsden (back R) listen to questions from the media during the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey (L) and head of media Katie Martin (R) attend the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey (L), head of media Katie Martin (C) and BoE Deputy Governor for Markets and Banking Dave Ramsden (R) leave at the end of the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)