Elon Musk spent nearly $500 mn on Republicans in US midterms. What happens now?
Elon Musk was not a candidate in the 2026 US midterm elections, but few people have more at stake following the results. The world’s richest man spent hundreds of millions of dollars backing Republican candidates, hoping to strengthen the party’s position in Congress and protect his growing business interests. Instead, Democrats swept the elections, winning control of both chambers of Congress and several important state races.
