Elon Musk jokes about GOP election defeat after spending record sums on party
Musk’s posts mocked the losses after he spent nearly half a billion dollars backing Republicans, including key candidates in Texas.
- On Wednesday, billionaire Elon Musk posted sarcastic remarks on X about Democratic victories in the 2026 midterm elections, quipping, "Guess my election-interfering space lasers didn't work this time."
- Democrats seized control of Congress on Tuesday, winning 233 seats in the 435-seat House and 54 seats in the 100-seat Senate, marking a major reversal in Washington's balance of power.
- Musk spent approximately $250 million to support Republican campaigns, yet Democrat James Talarico defeated Republican Ken Paxton in the Texas Senate race, delivering Democrats a breakthrough in a traditionally conservative state.
- Shares of Tesla Inc. and Space Exploration Technologies Corp. fell approximately 1.8% in post-market trading on Tuesday, while Democrats plan to challenge President Donald Trump's legislative agenda over his remaining two years.
- The electoral shift threatens the policy environment for AI and data centers, with Musk suggesting "Data centers in space looking pretty appealing right now" as a potential response to regulatory uncertainty.
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186 Articles
The founder and CEO of SpaceX and Tesla, Elon Musk, has ironized this Wednesday with the defeat of the Republican Party -- to which he gave a record amount of donations -- in the mid-term elections, in which the Democrats have managed to take control of the two chambers of Congress.
Elon Musk spends $474 million elections but loses big as Democrats sweep midterms and voters reject AI data centers - Tech Startups
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 control of Congress and voters delivered another warning […] The post Elon Musk spends $474 million elections but loses big as Democrats sweep midterms and voters reject AI data centers first appeared on Tech Startups.
Musk's Midterms Spending Spree Ends in Costly Defeat
Elon Musk poured nearly half a billion dollars into the midterms and came up mostly empty-handed. The tech billionaire and prominent GOP donor spent about $446 million backing Republican candidates nationwide, including more than $200 million in Texas, but key picks such as Ken Paxton in the Texas Senate race...
Al Arabiya
Elon Musk jokes about GOP election defeat after spending record sums on party
Tech billionaire Elon Musk joked on Wednesday about Republicans’ defeat in US midterm elections after spending hundreds of millions of dollars to help the
No one has donated more money to the Republicans than the multi-billionaire. The fact that this failed could have enormous consequences. Tesla's and SpaceX's share prices reflect the risk.
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