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Better Ways Elon Musk Could Have Spent the $500 Million He Wasted in the Midterms

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Better Ways Elon Musk Could Have Spent the $500 Million He Wasted in the Midterms

Elon Musk spent at least $474 million of his fortune attempting to buy Republicans a favorable outcome in the 2026 midterms, including nearly $100 million through his America PAC, which tried to pick winners in 44 separate races. So far, he’s posted a record of 3 wins and 29 losses, with 12 yet to be called, according to CNBC. Even if he goes 12-and-oh down the stretch, and he won’t, he’d still finish with nearly twice as many losses on his ledger as wins.

Wired offered an even more devastating analysis of the money spent: More than 99 cents of every dollar spent by Musk went to a race his chosen candidate lost. Even a generous interpretation of Musk’s spending would consider pouring gasoline and dropping a match on it to be only a slightly worse return on investment. To make matters worse for the world’s richest man, his companies took a hit on the stock market Wednesday, wiping out an estimated $120 billion in value, per Bloomberg.

06% of his net worth , so he’s not exactly about to go broke the way some folk who trapped themselves in an X politics bubble and poured cash into betting on Republican candidates on prediction markets will).



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