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Elon Musk, CEO of Tesla and SpaceX, spent at least $474 million (about 630 billion won) on the U.S. midterm elections, but the candidates he supported lost, dealing a blow to his political influence, Dong-A Ilbo reports. The Democratic Party's victories in Texas, including the governor's race, could disrupt his plans to build an AI data center and semiconductor plant there, and voter backlash against big tech may lead to data center regulations that could slow investment across the AI industry. Korean media describe him as the "biggest loser" of the election, with his political influence and business expansion hit hard.