A super PAC aligned with President Donald Trump has nearly $300 million in its war chest heading into the 2026 midterms, according to records filed with the Federal Election Commission (FEC) on Thursday.

MAGA Inc. reported $294 million in cash on hand in its latest campaign finance disclosure, which the super PAC said will 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 of securing our border, keeping our streets safe, supercharging our economy, and making life more affordable for all Americans," a MAGA Inc. 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 of 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 a post on X this week that he had become more politically active in 2025, including through political contributions that reflect "support for policies that advance American innovation and constructive dialogue between government and the technology sector."

The fundraising haul came even though Trump is not on the ballot this year, underscoring the super PAC’s focus on supporting Republicans in upcoming races.

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MAGA Inc. did not play a significant role in the 2022 midterms, opting instead to save its money for Trump's 2024 campaign.

The super PAC spent $456 million supporting Trump's bid to return to the White House, according to OpenSecrets, a nonprofit organization that tracks campaign finance data.

MAGA Inc. launched ads in November backing Republican candidate Matt Van Epps, who was endorsed by Trump and went on to defeat Democrat Aftyn Behn in a Tennessee congressional race.

Elon Musk, the billionaire technology entrepreneur and chief executive of SpaceX and Tesla, has signaled an openness to supporting Republican candidates in the midterms.

"America is toast if the radical left wins," he posted on X on Thursday. "They will open the floodgates to illegal immigration and fraud."

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

The U.S. military conducted strikes against Venezuela early Saturday morning, U.S. officials confirmed to Fox News.

At least seven explosions could be heard in Venezuela’s capital city of Caracas early Saturday morning, according to The Associated Press, and low-flying aircraft were seen flying over Caracas at about 2 a.m. local time.

The Venezuelan government said in a statement that "the civilian and military localities of the city of Caracas, capital of the Republic, and the states of Miranda, Aragua and La Guaira" were impacted by the attacks.

Further details surrounding the operation were not immediately available. Fox News Digital has reached out to the White House, Department of War and Department of State for comment.

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The Venezuelan government, led by President Nicolás Maduro, issued a sweeping condemnation, accusing the U.S. of committing an "extremely serious military aggression" against Venezuela and carrying out "imperialist aggression."

"The objective of this attack is none other than to seize Venezuela's strategic resources, particularly its oil and minerals, attempting to break the Nation's political independence by force," the Government of Venezuela said in a statement. "They will not succeed. After more than two hundred years of independence, the people and their legitimate Government remain steadfast in defense of sovereignty and the inalienable right to decide their own destiny."

The Venezuelan government said the "attempt to impose a colonial war to destroy the republican form of government and force a ‘regime change,’ in alliance with the fascist oligarchy, will fail just like all previous attempts."

MADURO SAYS VENEZUELA IS 'READY' TO MAKE DEAL WITH US ON DRUGS AND OIL AFTER MILITARY STRIKES

The attack comes amid the U.S. military's targeting of alleged drug-smuggling boats in the Caribbean and Eastern Pacific.

Maduro said Thursday that his government was open to negotiating an agreement with the United States after months of American military pressure targeting drug trafficking networks tied to his government.

In a pre-taped interview with Spanish journalist Ignacio Ramonet that aired on state television, Maduro said Venezuela is "ready" to discuss a drug-trafficking deal with the U.S. He called on the countries to "start talking seriously, with data in hand."

"The U.S. government knows, because we’ve told many of their spokespeople, that if they want to seriously discuss an agreement to combat drug trafficking, we’re ready," he said. "If they want oil, Venezuela is ready for U.S. investment, like with Chevron, whenever they want it, wherever they want it and however they want it."

The Federal Aviation Administration issued a Notice to Airmen at 1 a.m. EST on Saturday prohibiting all U.S. aircraft from operating "at all altitudes within Venezuelan airspace."

The Associated Press Contributed to this report.

This is a breaking news story. Check back for updates.