Elon Musk Comments on Midterm Results After Supporting Republicans

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News (2 / 1) 04.11.2026 20:22 / Frank

Congressional scrutiny ahead

With Democrats poised to assume leadership, signals point to increased oversight. Sen. Richard Blumenthal has already launched reviews into SpaceX’s Starlink and Starshield programs. Lawmakers could also investigate Musk’s earlier connections to DOGE, his federal contracts, and ambitions for AI data centers.

Market ripple effects

Wall Street responded swiftly in premarket trading, with shares linked to SpaceX falling about 3.6 percent and Tesla declining roughly 3.5 percent. Observers cautioned that heightened congressional attention might delay approvals, regulatory decisions, or new business arrangements.