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Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk

The world’s richest man invested heavily to back Republican candidates, much of it in Texas. He wasted his money and now faces obstacles to his artificial intelligence ambitions.

Covered by 5 sources from 3 countries. First reported by Fox News ·

Headlines compared

Common ground: most headlines mention “midterms biggest loser isn’t Trump It’s Elon Musk”, “60b” and “counting”.

Different angles:

  • Fox News “DOUG SCHOEN”
  • The Guardian “Stateside with Kai and Carter”

How 5 newspapers cover this story

  1. Fox NewsUnited StatesFirst report

    DOUG SCHOEN: The biggest winner and the biggest loser in the 2026 midterms

    The Democratic Party swept formerly deep-red Senate seats in South Carolina, Kansas and Texas. What we've just witnessed is a collapse of the Republican Party.

  2. Rolling StoneUnited States

    The Midterms’ Biggest Loser Is Elon Musk

    The world’s richest man threw hundreds of millions of dollars down the drain and lost every major race that mattered

  3. The Sydney Morning HeraldAustralia

    Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk

    The world’s richest man invested heavily to back Republican candidates, much of it in Texas. He wasted his money and now faces obstacles to his artificial intelligence ambitions.

  4. The AgeAustralia

    Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk

    The world’s richest man invested heavily to back Republican candidates, much of it in Texas. He wasted his money and now faces obstacles to his artificial intelligence ambitions.

  5. The GuardianUnited Kingdom

    Was Elon Musk the US midterms' biggest loser? – Stateside with Kai and Carter

    The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s…

Coverage details

5 outlets from 3 countries are covering this story: Fox News, Rolling Stone, The Sydney Morning Herald, The Age and The Guardian. Fox News published it first, on November 4, 2026; the last outlet to join was The Guardian, 31 hours later.

Key names in the coverage: Elon Musk, Texas, Senate and Trump.

By country: United States (2), Australia (2), United Kingdom (1).

More news from November 4, 2026 →

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