Elon Musk’s $212 Million Bet on Paxton Fails in Texas Senate Race
Musk spent nearly $500 million backing Republicans, but Texas Democrats won key races and raised new questions about regulation of data centers and AI infrastructure.
- On Tuesday, Democrat James Talarico defeated Republican Ken Paxton in the Texas Senate race, marking the first time a Texas Democrat has won this seat in over three decades.
- Tesla and SpaceX CEO Elon Musk spent nearly half a billion dollars supporting Republican candidates, directing about $224 million to Texas races with the vast majority funding Paxton's campaign.
- Talarico campaigned on increasing regulation and repealing tax breaks for data centers and AI infrastructure, declaring at the University of Texas, "Texas is not for sale."
- Musk acknowledged the electoral losses on Wednesday morning, writing on X, "Guess my election-interfering space lasers didn't work this time."
- Other Texas Democrats also won races despite Musk's support for opponents, while Texan Governor-Elect Gina Hinojosa has called for a statewide moratorium on data center construction until the legislature implements accountability.
20 Articles
20 Articles
Politico: Among the “biggest losers” of the US election was Elon Masquillon Musk spent $446 million supporting Republicans, but most of his candidates lost. Democratic victory in Texas questioned his plans for data centers.
Elon Musk’s $212 Million Bet on Paxton Fails in Texas Senate Race
Billionaire Elon Musk’s reported $212 million effort to help elect Republican Ken Paxton failed as Democrat James Talarico won Texas’s US Senate race, ending a decades-long Democratic losing streak in the state. According to Al Jazeera, citing a New York Times analysis, Musk spent at least $212 million supporting Paxton, making the race a major […]
He pumped billions of kronor into the election campaign and has moved his corporations to the state. Still, Elon Musk ended the night of Wednesday looking like the biggest loser in Texas as a young Democratic challenger broke three decades of Republican dominance.
The South African tycoon donated more than $445 million during the current election cycle to boost Republican candidates.
Around half a billion dollars were spent by tech billionaire Musk in the election campaign of the U.S. Republicans. Now they lose the majority in both Congress chambers. Musk gives up calmly.
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