Musk has little to show for his record spending on Republican campaigns in US midterms

Investing.com · 2026-11-05 11:03 UTC

Musk has little to show for his record spending on Republican campaigns in US midterms

By Dawn Kopecki, Sheila Dang, Alexandra Ulmer and Virginia Furness

NEW YORK, Nov 5 (Reuters) - Elon Musk spent nearly half a billion dollars on the US midterm elections, but the record expenditure yielded little for the world’s richest man and leader of SpaceX and Tesla.

Just three of the 37 Republicans Musk backed for the House of Representatives won on Tuesday night, compared to 33 who lost. The remaining race had not been called by Thursday afternoon, though a Republican was running ahead in tallies so far.

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