flash on Nostr: ⚡️📉 NEW - Elon Musk has lost more than $60 billion in wealth following ...
⚡️📉 NEW - Elon Musk has lost more than $60 billion in wealth following Republican defeats in the U.S. midterm elections, despite spending an estimated $446 million to help the party retain control of Congress.
Much of his political spending targeted Texas, where Republicans suffered a major setback.
Tesla shares fell 5.7%, while SpaceX was reported down 7.6% in early trading, further denting Musk’s fortune.
Democratic-controlled Congress could also intensify scrutiny of a potential Tesla-SpaceX merger before Trump leaves office in 2029.
Published at
2026-11-05 07:18:01 UTCEvent JSON
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"content": "⚡️📉 NEW - Elon Musk has lost more than $60 billion in wealth following Republican defeats in the U.S. midterm elections, despite spending an estimated $446 million to help the party retain control of Congress.\n\nMuch of his political spending targeted Texas, where Republicans suffered a major setback.\n\nTesla shares fell 5.7%, while SpaceX was reported down 7.6% in early trading, further denting Musk’s fortune.\n\nDemocratic-controlled Congress could also intensify scrutiny of a potential Tesla-SpaceX merger before Trump leaves office in 2029.\nhttps://blossom.primal.net/440716fb094e54373f6ee5aa0ac86ce0f0f12db77e80d440aad7e3268dd488c7.jpg",
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