Trump’s party lost in the US election but the real defeat is Elon Musk’s… not only money, now there is fear of investigation.

Donald Trump’s Republican Party has suffered a major setback in the midterm elections. Democrats have captured both the Houses of Parliament – the House of Representatives and the Senate. The biggest impact of this defeat could be on the richest businessman in the world, Elon Musk. Musk spent more than $445 million (roughly Rs. 4,000 crore) to win Republican candidates, but most of the candidates he supported lost the election. Now Musk is not afraid of losing the money invested in the election. After gaining a majority in Congress, Democrats could scrutinize their companies’ government contracts, their role in the Trump administration and their interference in government work. Musk’s companies have received billions of dollars in government contracts, according to the report. In such a situation, their business and political problems may increase after defeat.

1. Musk invested more than $445 million in the election

According to NPR, Musk gave more than $445 million to Republican candidates, political organizations and super PACs, according to documents filed with the US Elections Commission (FEC) and an analysis by OpenSecrets, an organization that monitors election spending. This makes him the largest individual donor in the 2026 midterm elections. Musk also promoted Republican candidates through his social media platform X. He wrote posts against Democratic candidates and appealed to his more than 24 million followers to vote Republican.

2. Spent over $200 million in Texas, still lost

Musk’s biggest setback came in Texas. This state is an important center of their trading empire. Many of his companies, including Tesla, SpaceX and X, have their headquarters or main business locations here. Musk spent more than $200 million in Texas. He supported Ken Paxton in the Senate race, when the Democratic candidate, James Talarico, was in the field. But Tallarico defeated Paxton.

3. Why will Musk’s role in DOGE be investigated?

Early in Trump’s second term, Musk was put in charge of DOGE (Department of Government Efficiency). The purpose of this department was to reduce government expenditure and reduce the number of employees in the departments. Kasturi led it for four months. During this period, there were controversies over layoffs of civil servants, budget cuts in departments and government services. Now Democrats want to know if Musk used his influence in government to benefit his companies. During Musk’s four months at the helm, his companies won at least $6.3 billion in government contracts, followed by another $10 billion.

4. Relations with Russia and use of Starlink in Ukraine are also under investigation

Democratic Senator Chris Coons has spoken out to raise questions about Musk’s alleged contacts with Russian President Vladimir Putin. He hinted that Musk could be subpoenaed by a parliamentary inquiry if needed. At the same time, MP Mike Levine questioned the role of Musk’s company Starlink in Ukraine. Musk imposed some restrictions on the use of Starlink by the Ukrainian military. Democrats want to know how a private businessman had such influence over the military communications of an American ally and why he was not held accountable.

5. Can it be a crime to take advantage of business interests while holding government office?

George W. According to Richard Painter, a former White House ethics adviser in the Bush administration, Musk was a part-time special government employee while working at DOGE. Such employees are subject to federal law, which prevents them from being involved in government decisions related to their personal economic interests. Painter says SpaceX receives large government contracts from NASA and the Department of Defense. If Musk participated in any government decision, the impact of which he knew and which could benefit his company, it could be a violation of the law.

6. Musk trade may also be affected

Political changes could also affect Musk’s companies. Tesla and SpaceX need government contracts, subsidies and regulatory approvals. Oversight of these matters could become more stringent as Democrats gain control of Congress. After the Democrats’ victory, shares of Tesla fell about 3% and shares of SpaceX fell about 4%.

Now what next?

For Musk, this election is not just a political defeat. He also spent nearly $290 million in 2024 to support Trump’s return and later gained an important role in the government. But his bid of more than $445 million in the 2026 election was unsuccessful. Democrats in Congress will now have the power to scrutinize government decisions, demand documents and subpoena officials to parliamentary hearings. Musk will also have to answer for his companies’ government contracts and his role in DOGE.