Elon Musk's $450m Republican spending fails in US midterms
Elon Musk spent almost $450 million backing Republican candidates in the US midterm races, more than anyone has ever spent in an election cycle, but Democrats won a resounding victory, including Democrat James Talarico beating Republican Ken Paxton for a US Senate seat in Texas despite Musk spending at least $45 million supporting Paxton. The Republican losses may have significant implications for Musk and his businesses, particularly SpaceX's government contracts and data centre developments.
4 November 2026 · Joy Online →