
Billionaire Elon Musk invested nearly $450 million in the 2026 US midterm elections, the largest personal sum ever spent in a single election cycle, to support Republican candidates. Despite this unprecedented spending, Democrats secured decisive victories across multiple states. In Texas, Democrat James Talarico won a Senate seat against Republican Ken Paxton, whom Musk had backed with at least $45 million. The outcome suggested that massive financial investment alone could not overcome broader electoral momentum favoring Democrats.
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