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Elon Musk suffers major blow in US midterms

Read the full story at Politico Europe

WASHINGTON — Tech billionaire and Republican megadonor Elon Musk was among the biggest losers of election night, after spending hundreds of millions to boost candidates that failed to win their races. He doled out around $446 million — the most a non-candidate has ever spent on an election, including over $200 million on Texas-related efforts.

Musk’s preferred candidates across the country were swamped, losing almost everywhere, including Ken Paxton in the Texas Senate race and Vivek Ramaswamy in the Ohio gubernatorial race. His plans for a buildout of data centers across Texas are especially in doubt after Democrat Gina Hinojosa won a surprise victory over incumbent Greg Abbott in the state’s gubernatorial race.

“Data centers in space looking pretty appealing right now,” Musk wrote on X on Wednesday morning, jumping off the results to boost an idea he’s trying to pursue .