Elon Musk has spent more money than ever on the Republicans' victory, but to no avail.

Elon Musk spent over $445 million supporting Republican candidates in the U.S. midterm elections, yet his endorsed candidates faced significant defeats. Despite being the largest political donor for the 2026 elections, with contributions potentially reaching $474 million, the results were disappointing for Republicans, particularly in Texas where Ken Paxton lost to Democrat James Talarico. Musk's financial backing included substantial amounts to various political action committees, but the overall Republican strategy failed to yield victories. The election outcomes have shifted the balance of power in Congress, with Democrats gaining control, which may impact future legislative actions.