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Musk suffers major political blow in Texas midterm defeat

Elon Musk, the Tesla and SpaceX CEO, was one of the biggest losers of the U.S. midterm elections, even though he was not on the ballot, as Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, the Korea Times reports. Musk spent astronomical sums on the election, including about 200 billion won on the Texas Senate race alone, but the Democratic Party won both the Senate and gubernatorial races in Texas, his business base, according to the Dong-A Ilbo and Maeil Business Newspaper. His plans to build AI data centers and semiconductor factories in Texas could now face setbacks, and his political influence and business expansion have taken a major hit, the reports say. Korean media also note that Democrats' gains could raise regulatory risks for Big Tech and slow AI investment, potentially affecting Korean chipmakers, while opponents of data centers were among the biggest winners, pointing to a shifting public mood on AI, the Korea Times reports. Prime Minister Han Seong-sook said Thursday she anticipates no big changes in relations with the United States after Trump's election defeat, Yonhap reports.

  1. Elon Musk's business empire braces for Democratic wave as Texas flips blue Korea Times · 2026-11-05
  2. 6300억 헛돈 쓴 머스크… “선거 최대 피해자” 동아일보 · 2026-11-05
  3. 6000억 쏟아붓고도 참패…머스크, 美 중간선거서 정치적 타격 매일경제 · 2026-11-04
  4. Democrats' win could compound pressures on AI spending, Korean chipmakers Korea Times · 2026-11-04
  5. Trump's midterm drubbing demonstrates power of data-center opponents Korea Times · 2026-11-04
  6. (LEAD) PM says sees no big change in alliance with U.S. after Trump's election defeat Yonhap · 2026-11-05

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