Elon Musk’s nearly half a billion dollars in midterms spending was a flop
The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections . It turned out to be a poor investment. The SpaceX and Tesla CEO contributed at least $446m to Republican-aligned Super Pacs and groups…
Elon Musk, the tech billionaire and CEO of SpaceX and Tesla, poured nearly half a billion dollars into Republican-aligned political campaigns during the US midterm elections. Despite the enormous sums he invested, Musk's efforts were unsuccessful as Democrats emerged victorious in several key Senate races. Musk's America Pac, his own Super Pac, made the largest donation of at least $216 million to Republican-aligned groups.
The Texas Senate race, where Musk heavily invested, saw Republicans lose control of the state, while Democrats won the Senate races in Michigan, Maine, Ohio, and Iowa. Musk's political spending in the midterms set a precedent for future elections and may spur investigations into his business practices.
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- 17 better ways Elon Musk could have wasted $446 million theverge.com
- Elon Musk’s nearly half a billion dollars in midterms spending was a flop theguardian.com
- Elon Musk spent nearly $500 million on the midterms and lost big-time engadget.com
- After Texas' blue wave, what happens to Elon Musk and SpaceX? arstechnica.com
- Elon Musk's preferred US midterm candidates, including Ken Paxton and Vivek Ramaswamy, lost almost everywhere; Musk spent $446M, a record for a non-candidate (Calder Mchugh/Politico) politico.eu
- Analysis: Elon Musk contributed a record $474M to political groups for the 2026 midterms, including $216M to America PAC, the highest non-candidate spend ever (Theodore Schleifer/New York Times) nytimes.com
