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Regulation

Democrats take Senate seats in Texas, Kansas, South Carolina as Musk spends $474 million on politics

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Democrats gained control of the Senate and the House of Representatives, flipping key seats in traditionally Republican states such as Texas, Kansas, and South Carolina. The election outcomes followed heightened voter concerns about persistent living costs, the ongoing conflict in Iran, and the policies of President Donald Trump’s administration. A campaign finance analysis by The New York Times and summarized by Quartz revealed that Elon Musk has disclosed $474 million in political contributions since January 2025. Musk, best known as the CEO of Tesla and SpaceX, directed about $216 million to his America PAC, $168 million to the Senate Leadership Fund, and $30 million to the Congressional Leadership Fund, all supporting Republican candidates.

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