Musk Spends $446 Million on Midterm Elections but Still Loses
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In the 2026 U.S. midterm elections, Musk invested about $446 million in Texas to support Republican candidates, but suffered a crushing defeat. According to a The Verge report on November 5, 2026, Musk's America PAC spent $47 million trying to defeat Democrat James Talarico, but Talarico defeated Musk-backed Ken Paxton with 55% of the vote. The hundreds of millions of dollars in total spending failed to translate into electoral victories, drawing criticism and mockery of the efficiency of his political spending.
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- The Verge · AI17 better ways Elon Musk could have wasted $446 million
Musk spent roughly $446 million on the Texas midterm elections and suffered a heavy defeat: his America PAC spent $47 million trying to defeat Democrat James Talarico, who beat Musk-backed Ken Paxton with 55% of the vote.
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