Elon Musk reportedly spent nearly $500 million backing Republicans in the 2026 US midterms, but Democrats swept key races in Texas. Did his expensive political gamble backfire?
Texas flipped to the Democrats in the 2026 midterms, according to ABC News (Australia), while CBS News reported that James Talarico won a Texas Senate race and said the result sent a message to Elon Musk. BBC News reported that a Musk political action committee gave $47 million to Ken Paxton’s campaign. Reports put Musk’s overall election spending at different totals: WKBW cited $474 million, while Winnipeg Free Press reported $445 million; the sources do not explain the discrepancy.
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