Elon Musk’s nearly half a billion dollars in midterms spending was a flop

Elon Musk, the tech billionaire and owner of SpaceX and Tesla, poured nearly half a billion dollars into Republican campaigns during the 2022 US midterm elections. Despite this record-breaking investment, Democrats won every one of the five Senate races where Musk's America Pac targeted Republican candidates. In Texas, where Musk's empire is based, Republicans lost the Senate race, governor's office, and are expected to lose control of the state house.

Musk was notably quiet on election night, posting only a joke about data centers in space. His losses extend beyond the monetary aspect, as Democrats will now face a government filled with members who have vowed to scrutinize Musk's operations. The tech mogul will face a House, Senate, and Texas government that is controlled by Democrats, who have pledged to take a tougher stance on tech and specifically target his operations in particular.