Elon Musk's hundreds of millions in political spending fails to deliver Republican victory
Summary of 9 reports
Billionaire Elon Musk invested between $440 million and $573 million to support Republican candidates in recent U.S. midterm elections, but Democrats won key races including a Texas Senate seat. The outcome demonstrated the limits of individual financial influence in electoral politics, despite the record-breaking spending levels.
Full coverage
Why Texas turning Blue is Elon Musk’s ‘biggest defeat’ (opens Times of India in a new tab)
Billionaire Elon Musk made waves by investing heavily in Republican candidates during the Texas elections, yet the results fell short of expectations. His funding strategy sought to offset the potential Democratic surge and influence Senate dynamics.…
Elon Musk's millions fail to deliver Texas for the Republicans in fierce midterms (opens BBC News in a new tab)
The billionaire's political action committee (Pac) contributed $47m (£35m) to Ken Paxton's campaign.
Not even $200 million could help Elon Musk buy Texas (opens The Verge in a new tab)
James Talarico, the Democratic Texas senator-elect, not only managed to flip the state in yesterday's midterms but prevailed in the most expensive Senate election to date. More than $573 million was spent on advertisements between Talarico, his Republican…
After Texas' blue wave, what happens to Elon Musk and SpaceX? (opens Ars Technica in a new tab)
"Data centers in space looking pretty appealing right now."
Elon Musk will face scrutiny from Democrats in Washington and Texas after midterms (opens NPR in a new tab)
Democrats are likely to launch investigations into Musk's influence, including his leadership of DOGE and government contracts
Elon Musk Hit By Democrat Wave, Tesla, SpaceX Lose $130 Billion In A Day (opens NDTV in a new tab)
Few CEOs are as closely tied to President Donald Trump and his party as Musk, the world's richest person.
Elon Musk's nearly $500m US midterm gamble backfires: Tesla, SpaceX stocks take a hit (opens Times of India in a new tab)
In a bold move, Elon Musk invested almost half a billion dollars to back Republican candidates in the 2026 US midterms. However, the elections turned the tables, with Democrats securing both Congressional chambers, which proved detrimental to Musk's…
US midterms: Elon Musk fails $440 million bet as Republicans lose (opens France 24 in a new tab)
The 2026 midterm elections were the most expensive on record, with nearly 12 billion dollars spent during the campaign. Tech tycoon Elon Musk was by far the largest individual donor ever, injecting over 440 million dollars of his money to support the GOP.…
Schumer, Jeffries sidestep questions on nuking filibuster, launching Elon Musk probe after blue wave (opens Fox News in a new tab)
Chuck Schumer ignored questions twice about abolishing the filibuster as Democrats prepare to take the Senate majority after midterm victories.
Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms (opens CNBC in a new tab)
Elon Musk's Tesla and SpaceX lose $420 billion in combined market cap after midterms
