Midterm Election Donors Lost Money

Elon Musk and other big donors lost money in Texas Senate race.

Nov 5, 2026

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Midterm Election Donors Lost Money

Elon Musk and other big donors lost money in Texas Senate race.

In brief

Elon Musk and other big donors lost money in Texas Senate race. Elon Musk spent $474 million on Texas Senate race but Ken Paxton lost. Originally reported by Straight Arrow.

Elon Musk's Election Spending

Elon Musk spent $474 million in the midterms, making him the biggest known donor in American history.

Musk's Texas Senate Race

Musk spent $212 million on Ken Paxton's Texas Senate race, who lost with 4.25 million votes.

Paxton's Vote Count

Paxton's Vote Count

Democrat James Talarico got 5.45 million votes, Paxton received 4.25 million votes.

MAGA Inc. Spending

MAGA Inc. spent $37.65 million in Texas Senate general election, about $9 per vote Paxton received.

Senate Leadership Fund

SLF PAC spent $30 million in North Carolina Senate race, losing to Roy Cooper.

SLF in Iowa

SLF spent $51 million in Iowa Senate race, losing to Josh Turek.

Defend American Jobs in Ohio

Defend American Jobs spent $56.58 million on Ohio Senate race, supporting Jon Husted.

No Going Back PAC

No Going Back PAC spent $28.7 million in Ohio Senate race, losing to Jon Husted.

Musk's Overall Result

Musk's $474 million spent on Texas Senate race resulted in Ken Paxton losing.

Key Election Outcome

Elon Musk and other big donors lost money in Texas Senate race.

Here's the gist

Elon Musk spent $474 million on Texas Senate race but Ken Paxton lost.

Read the original on Straight Arrow

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