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Al Jazeera Staff. (2026, November 4). Musk makes light of defeats after record spend on Republican candidates. Al Jazeera. https://www.aljazeera.com/news/2026/11/4/musk-makes-light-of-defeats-after-record-spend-on-republican-candidates?traffic_source=rss
Al Jazeera Staff. “Musk makes light of defeats after record spend on Republican candidates.” Al Jazeera, 4 Nov. 2026, https://www.aljazeera.com/news/2026/11/4/musk-makes-light-of-defeats-after-record-spend-on-republican-candidates?traffic_source=rss.
Al Jazeera Staff. “Musk makes light of defeats after record spend on Republican candidates.” Al Jazeera, November 4, 2026. https://www.aljazeera.com/news/2026/11/4/musk-makes-light-of-defeats-after-record-spend-on-republican-candidates?traffic_source=rss.
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Elon Musk, the world's richest person, spent $474 million supporting Republican candidates in the U.S. midterm elections, but Democrats emerged victorious on November 3, 2026, securing control of both chambers of Congress. Despite his unprecedented financial support, Republicans lost key races, including a historic win for Democrat James Talarico in Texas's Senate race, defeating Republican Attorney General Ken Paxton. Musk responded to the election results with a joke about "election-interfering space lasers," reflecting his efforts' failure. His spending dwarfed that of other donors and significantly impacted SpaceX and Tesla stock prices following the outcome.
Elon Musk has joked online about the Republican defeat in the US midterm elections after spending nearly half a billion dollars to bolster the party’s campaigns.
Republicans were decisively routed by Democrats in Tuesday’s polls, losing control of the Senate and the House of Representatives, while racking up losses in states long seen as Republican strongholds, such as Texas and Kansas.
Voters rejected Paxton’s plan to make Texas the centre of the country’s artificial intelligence (AI) industry by rapidly building data centres. Talarico campaigned for tighter regulations on their development.
Talarico explicitly referenced Musk in his election victory speech, saying his campaign had taken on “goliaths” including “the richest man in the world” and won.