# Musk-backed candidates lose midterms despite financial backing

> Elon Musk's $440m campaign spending fails as Republican candidates lose key races.
- Title: Musk-backed candidates lose midterms despite financial backing
- Summary: Elon Musk's $440m campaign spending fails as Republican candidates lose key races. Elon Musk's $440 million investment in Republican candidates failed as his…
- Keywords: elon musk, us midterms, democrats, republicans, texas, space x, tesla, campaign finance, France24
- Source: France24 — https://france24.com/en/musk-backed-candidates-lose-midterms-despite-financial-backing
- Read time: 1 min
- Topics: elon musk, us midterms, democrats, republicans, texas, space x, tesla, campaign finance, news, world, politics
## Musk's campaign spending
Elon Musk poured over $440 million into Republican candidates and causes during the 2026 US midterm elections.
## Republican candidates lost
Musk's preferred candidates lost races in Texas where he has put down roots.
## Market reaction
Shares of Tesla and SpaceX dropped after Democrats swept to power in US midterms.
## Election outcome
The Democratic party won control of the US House of Representatives in the 2026 midterms.
## Musk's investment
Musk was the single biggest campaign donor in the 2026 election cycle.
## Consequence
Musk's financial backing failed despite his significant investment in Republican candidates.
## Key takeaway

Elon Musk's $440 million investment in Republican candidates failed as his preferred candidates lost races in Texas during US midterms.