Megadonors contributed $3.5 billion to US mid-term elections
Democrats secured control of the U.S. Congress on Tuesday, capturing both the Senate and House of Representatives. This victory followed significant political spending by Elon Musk, who donated hundreds of millions of dollars to Republican candidates and causes. In Texas, Gina Hinojosa won a surprise gubernatorial race against incumbent Greg Abbott, while James Talarico became the first Democrat to win a statewide office in the state since 1994.
- Elon Musk spent $500 million supporting Republican candidates nationwide.
- Democrats took control of the US Congress on Tuesday.
- James Talarico defeated Ken Paxton to become the first Democrat to win statewide office in Texas since 1994.
- Elon Musk joked that his space lasers did not influence the elections.
- Musk funneled $224 million into Texas for the midterms.
- Democrats secured control of the Texas House and the U.S. Senate.
- Six of the seven Senate Republican candidates Musk backed lost.
- Musk gave over $76 million to America PAC.
- The AP Voter Poll of more than 5,000 voters in Texas showed slightly more than half of voters had an unfavorable opinion of Musk.
- SpaceX and Tesla stocks fell sharply on November 4 morning.
- Musk spent at least $5 million to try to reelect Republican Gov. Greg Abbott.
- Democrats might investigate Musk's government contracts and subsidies, and his work leading DOGE.
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