Elon Musk's $500 Million Bet on Republican Midterms Fizzles as Democrats Dominate

11/05/2026

US midterms spending binge by Musk, crypto and AI backers fails to sway voters in key races, as big money loses ground.

11/04/2026

Musk spent nearly $500m in the 2026 US midterm elections, an individual election spending record.

11/04/2026

Elon Musk spent at least $474 million trying to influence the 2026 midterm elections. By Wednesday morning, November 4, much of that money had gone into losing races, as Democrats swept into...

11/04/2026

Tech mogul Elon Musk joked about the GOP's steep losses early Wednesday, after spending more than $442 million boosting Republicans in the midterm elections. Democrats swept control of both...

11/04/2026

Elon Musk spent nearly $474 million backing Republicans in the 2026 US midterms. After Democrats won Congress, he joked about space lasers and data centres.

11/04/2026

This was the Cybertruck of elections.

11/04/2026

Musk donated over $200 million to Republican Ken Paxton’s campaign, just to see him lose to the Democrat

11/03/2026

Elon Musk has donated around $445.6 million to Republican political causes in the current election cycle, making him the biggest donor in the 2026 midterms.

11/04/2026

Tesla and SpaceX faced an early market setback as Democrats moved towards control of both chambers of Congress. Elon Musk's $474 million backing of Republicans also suffered a major blow after...

11/04/2026

Democrats have taken over both houses of Congress, delivering a huge dent to President Donald Trump's Republicans in the midterm elections, US networks projected

11/04/2026

Following a Democratic Blue Wave in the US Midterm 2026 elections, Elon Musk reacted on X with sarcasm, while shares of Tesla Inc. and SpaceX declined in trading.

11/04/2026

Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican...