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البيان
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2026-11-05T12:42:00.000Z

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BOJ Notes Boost Hike Odds

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SpaceX Nationalization Debate

SpaceX Nationalization Debate

Elon Musk suffered two losses in the U.S. midterm elections: His spending of more than $440 million failed to protect the Republican majority, and Democrats won control of both chambers of Congress, enabling them to investigate his role in the Trump administration and his companies’ ties to the government. His most notable loss came in Texas, where Republican candidate Ken Paxton was defeated by James Talarico, despite Musk spending more than $150 million to support Paxton. Talarico became the first Democrat in 32 years to win a statewide election. The results showed that Musk’s spending and activity on X did not guarantee influence over voters; instead, his wealth and influence became a focus of criticism for some of them. Democrats are expected to focus their investigations on his role in the Department of Government Efficiency, his companies’ government contracts, and his decision concerning Starlink services in Ukraine.

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