After the midterms, things are looking rocky for Elon Musk and data centers
On Equity, we unpacked what the midterms mean for the tech industry.
Elon Musk's companies are now headquartered in Texas, a state that is now heavily leaning towards the Democrats. This political shift has raised concerns about the future of data centers in the region. In the recent midterm elections, many local ballot measures aimed at facilitating the construction of data centers were rejected or voted against.
These measures, which would have made the process of building data centers faster, were overwhelmingly voted down. Notably, Texas' new governor-elect Gina Hinojosa has campaigned on the promise of restricting data centers, adding to the potential roadblocks faced by tech companies in the future.
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