Elon Musk’s $445 million Republican bet falters as Democrats take Congress

The Indian Express · Express Global Desk · 2026-11-06 05:40 UTC

With the Republicans suffering heavy defeat in the House and Senate in the Midterm elections, Elon Musk, the principal benefactor of the Reds, will have a lot to worry about.

Elon Musk poured at least $445 million to help Republicans retain Congress. However, Tuesday’s midterm elections handed control to Democrats, leaving his political spending under scrutiny and his businesses facing the prospect of investigations. Politico described Musk’s position as on with “a lot to worry about with a Democratic Congress”.

For Musk, the world’s first trillionaire, the spending represents a small share of his wealth. His companies’ stake in federal government business, worth billions of dollars, however, give him substantial interests in Washington.

Before the elections, Democrats were already preparing to examine his companies and his leadership of the Department of Government Efficiency, or DOGE, with potential investigations and summons to attend court hearings.

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