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Elon Musk's business empire is reeling after Texas elected its first Democratic governor in more than three decades, with the Korea Times reporting that the billionaire was among the biggest losers of the US midterms despite not being on the ballot. The Korea Economic Daily separately notes that Musk poured 600 billion won into Texas but still lost the state, with commentators joking that he should build data centers in space instead. Korean markets reacted sharply to the broader Democratic sweep, with Business Korea reporting the KOSPI plunged below 5,400 on fears of AI and tech regulation, and KBS World noting both KOSPI and KOSDAQ tumbled more than 5% on the 'blue wave' shock. The Korea Times also reports the Democratic takeover is expected to cool memory chip prices and demand, casting doubt on whether Samsung Electronics and SK hynix can sustain their momentum.