US midterms: Elon Musk fails $440 million bet as Republicans lose
Summary
The 2026 U.S. midterm campaigns spent nearly $12 billion, making them the most expensive on record. Elon Musk spent more than $440 million to support Republicans, but Democrats won decisively on Tuesday.Key Facts
- Nearly $12 billion was spent during the 2026 midterm campaign.
- The elections were the most expensive U.S. midterms on record.
- Elon Musk spent more than $440 million of his own money.
- Musk's spending supported the Republican Party.
- Democrats scored a decisive victory in Tuesday's elections.
- The results showed limits to Musk's influence in the election.
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