Coverage dated October 31, 2026 to November 6, 2026

Elon Musk’s Fortune Drops $80 Billion Amid Tech Stock Rout

Headline from Forbes, on the newest of 3 developments

Musk suffered the worst losses of any billionaire Thursday as SpaceX and Tesla shares fell.

Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Elon Musk Wasted Nearly Half a Billion Dollars on Major Midterm Defeats

    Headline from Newsweek ·

  2. Musk jokes about GOP losses after spending big in midterms

    Headline from FOX8 WGHP ·

  3. Newest

    Elon Musk’s Fortune Drops $80 Billion Amid Tech Stock Rout

    Headline from Forbes ·

7 reports not tied to one development ·

Reports & sources

49 articles, oldest first.

  1. Clean Tech Nica

    Elon Musk’s Attack Ads Are Backfiring As Midterms Near (opens Clean Tech Nica)

    Published

    Clean Tech Nica's feed description

    US Federal Election Commission data revealed this week that Elon Musk has donated at least $445 million into Republican-aligned political action committees and groups since last year. Interestingly, it seems that Musk’s deep influence isn’t enough, and he is worried.

  2. Philadelphia Inquirer

    Elon Musk tests what nearly half a billion dollars can buy in the midterms (opens Philadelphia Inquirer)

    Published

    Philadelphia Inquirer's feed description

    Musk, the world’s richest person, has a lot on the line on Tuesday. Democratic lawmakers have signaled that, if they take back control of Congress, they plan to scrutinize him on a variety of fronts.

  3. Fortune

    After topping 2024’s donor list, Elon Musk said he’d do ‘a lot less.’ Since then, he’s given more than George Soros has personally in his lifetime (opens Fortune)

    Published

    Fortune's feed description

    Musk has given $427 million to federal political groups since May 2025. Soros has given $243 million of his own money since 1979.

  4. Newsweek

    Elon Musk Wasted Nearly Half a Billion Dollars on Major Midterm Defeats (opens Newsweek)

    Published

    Newsweek's feed description

    Elon Musk gave Republicans over $445 million. Democrats still won the House, Senate and the Texas seat on which he spent the most.

  5. Gizmodo

    If Musk Were Mad About the Election, Would He Be Posting These Hilarious Jokes? (opens Gizmodo)

    Published

    Gizmodo's feed description

    Musk the political donor just received a loud and unambiguous rebuke from voters. He's having a good time though.

  6. Tech Startups

    Elon Musk spends $474 million but loses big as Democrats sweep midterms and voters reject AI data centers (opens Tech Startups)

    Published

    Tech Startups's feed description

    Elon Musk spent at least $474 million trying to influence the 2026 midterm elections. By Wednesday morning, November 4, much of that money had gone into losing races, as Democrats swept into control of Congress and voters delivered another warning […] The post Elon Musk spends $474 million but loses…

  7. The New Republic

    Elon Musk Spirals Over His Failure to Buy Elections (opens The New Republic)

    Published

    The New Republic's feed description

    After wasting almost half a billion dollars supporting Republicans in the midterm elections, tech oligarch Elon Musk is having trouble digesting the Democratic landslide. Musk took to his X platform in the early hours after midnight Wednesday, offering some lame observations as his preferred candida…

  8. Investor's Business Daily

    Tesla, SpaceX Dive As Elon Musk's Big GOP Election Bet Fails (opens Investor's Business Daily)

    Published

    Investor's Business Daily's feed description

    Elon Musk was the largest individual donor in the midterm elections.

  9. The Daily Signal

    Elon Musk’s Business Empire Braces for Democratic Wave as Texas Flips Blue (opens The Daily Signal)

    Published

    The Daily Signal's feed description

    Nov 4 (Reuters) – As Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, one of the biggest losers of the US midterms was not on the ballot: billionaire Elon Musk.

  10. Richmond Times-Dispatch

    Not even Elon Musk has enough money to stop Democratic wave | Rex Huppke (opens Richmond Times-Dispatch)

    Published

    Richmond Times-Dispatch's feed description

    So billionaire right-winger Elon Musk moved to Texas and then Republican Gov. Greg Abbott lost to Democrat Gina Hinojosa and the whole state basically turned purple.

  11. The Hollywood Reporter

    Elon Musk Responds After His Record $474 Million Bet on Republicans Ends in Blowout (opens The Hollywood Reporter)

    Published

    The Hollywood Reporter's feed description

    Musk reacted to the news as SpaceX and Tesla stock prices fell sharply in premarket trading.

  12. BBC News

    Elon Musk's millions fail to deliver Texas for the Republicans in fierce midterms (opens BBC News)

    Published

    BBC News's feed description

    The billionaire's political action committee (Pac) contributed $47m (£35m) to Ken Paxton's campaign.

  13. The Hill

    Musk jokes about GOP losses after spending big in midterms (opens The Hill)

    Published

    The Hill's feed description

    Tech mogul Elon Musk joked about the GOP's steep losses early Wednesday, after spending more than $442 million boosting Republicans in the midterm elections. Democrats swept control of both chambers of Congress on Tuesday, winning competitive races across the board and even ousting Republicans in se…

  14. New York Post

    Elon Musk suffers midterm blow as SpaceX, Tesla plummet: ‘My election-interfering space lasers didn’t work’ (opens New York Post)

    Published

    New York Post's feed description

    Elon Musk suffered a significant blow as Dems won big in the midterms – including pivotal seats in Texas – in spite of millions of dollars he poured into campaigns for Republicans he hoped would green light his ambitious data center projects.

  15. Inc.

    Elon Musk’s Midterm Efforts Flopped. Now, His Stocks Are Taking a Hit Too (opens Inc.)

    Published

    Inc.'s feed description

    As Musk has become increasingly involved in politics, Tesla and SpaceX shares are feeling the Democrats’ blue wave.

  16. Engadget

    Elon Musk spent nearly $500 million on the midterms and lost big-time (opens Engadget)

    Published

    Engadget's feed description

    This was the Cybertruck of elections.

  17. Bloomberg

    After 2026 Midterm Losses, Elon Musk’s Era of Politics Is Just Beginning (opens Bloomberg)

    Published

    Bloomberg's feed description

    His preferred candidates lost in Texas, but the stakes are too high for SpaceX and Tesla for him to sit out 2028.

  18. Rolling Stone

    The Midterms’ Biggest Loser Is Elon Musk (opens Rolling Stone)

    Published

    Rolling Stone's feed description

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

  19. Fast Company

    Elon Musk spent nearly $500 million on the midterms. It bought him almost nothing (opens Fast Company)

    Published

    Fast Company's feed description

    Elon Musk put about $474 million into the 2026 midterms, according to a New York Times tally . (And that’s just through October 14, when the FEC and IRS filings stop. The trillionaire may have given far more in dark money.

  20. BizPac Review

    Elon Musk spent big on Republican candidates — now he’s cracking jokes about their losses (opens BizPac Review)

    Published

    BizPac Review's feed description

    The midterm elections may have been a catastrophe for Republicans, but that’s not stopping Elon Musk from cracking jokes. Even the richest man in the world couldn’t […]

  21. Fortune

    ‘He basically gets to steer a political party’: Elon Musk is $474 million poorer post-election, but it may not have deterred his influence on 2028 (opens Fortune)

    Published

    Fortune's feed description

    “It’s not just about who wins,” one political spending expert said. “It's about setting the agenda and what types of issues we talk about.”

  22. France 24

    Musk-backed candidates lose midterms despite financial backing (opens France 24)

    Published

    France 24's feed description

    Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican candidates and causes, the single biggest campaign donor in the election cycle.

  23. Washington Examiner

    Elon Musk’s net worth drops $33.5 billion as Democratic majorities loom (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    Elon Musk, the world’s wealthiest person, saw his net worth fall by $33.5 billion on Wednesday as investors sold off shares in his companies in anticipation of the incoming Democratic majorities in Congress.

  24. The Guardian

    Elon Musk’s nearly half a billion dollars in midterms spending was a flop (opens The Guardian)

    Published

    The Guardian's feed description

    The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections . It turned out to be a poor investment.

  25. The Boston Globe

    The biggest loser of the 2026 midterms wasn’t Trump. It was Elon Musk. (opens The Boston Globe)

    Published

    The Boston Globe's feed description

    Elon Musk had a lot at stake in this election. Don’t take my word for it. Follow the money. Musk spent an estimated $446 million on this election. That’s more than any other non-candidate in US history.

Showing the first 25 of 34 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Separate coverage close to this update in time and subject.

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