Democrats to investigate Musk's government contracts after winning Congress
The BBC reported that on November 3, Elon Musk's political action committee contributed $47 million to Republican Senate candidate Ken Paxton, but the funding did not prevent the seat from flipping to a Democrat in the 2024 election. CNBC noted that Musk's America PAC spent a record $474 million on the 2026 midterm races, yet most of the backed candidates lost, leading to declines in SpaceX and Tesla shares and raising questions about future policy influence. NDTV added that after Democrats secured a majority in Congress, Musk posted a sarcastic comment about alleged “space lasers” and highlighted interest in space-based data centers, while Texas senator-elect James Talarico criticized billionaire influence on social media.