Key facts
- Democrats were projected to control the Senate after picking up seats including James Talarico's win in Texas and Sherrod Brown's win in Ohio, Business Insider reported.
- SpaceX CEO Elon Musk spent over $150 million supporting Texas Attorney General Ken Paxton's Senate campaign, per Business Insider.
- California voters considered a first-of-its-kind ballot measure imposing a one-time 5% wealth tax on residents with net worth above $1 billion.
- Altimeter Capital CEO Brad Gerstner said on the All-In podcast that fears a Democratic sweep would hinder data center construction were overblown.
- LinkedIn cofounder Reid Hoffman wrote on X that voters rejected the status quo from Texas to Ohio and Kentucky to Iowa.
Democrats were projected to win control of the US Senate after the November 3, 2026 midterm elections, picking up seats including James Talarico's victory in Texas and Sherrod Brown's win in Ohio, Business Insider reported. Talarico became the first Democrat elected to the US Senate in Texas in decades, the outlet said.
SpaceX CEO Elon Musk spent over $150 million supporting the Republican candidate in the Texas Senate race, Attorney General Ken Paxton, according to Business Insider. The outlet also reported that Gina Hinojosa, the Democrat who won the Texas gubernatorial race, could seek a moratorium on new data centers.
In California, voters considered the nation's first ballot measure to impose a one-time 5% wealth tax on residents with net worth exceeding $1 billion. Results were not in as of 11:30 p.m. ET, Business Insider reported.
Reid Hoffman, the LinkedIn cofounder and Democratic megadonor, wrote on X that voters had made clear they want a different kind of country and leaders they can trust. "This night blew the doors off our expectations," he wrote, citing results from Texas to Ohio and Kentucky to Iowa.
Brad Gerstner, CEO of Altimeter Capital, said on the All-In podcast livestream that fears a Democratic sweep would make building data centers difficult were overblown, but that results could slow development and that a moratorium in Texas could be challenging for the AI infratrade. He also said Republicans and the AI community had struggled with messaging on AI as affordability concerns weighed on Americans.