Super PAC rules meant the $47 million could not be handed straight to a campaign or steered in lockstep with it
Talarico’s remarks framed the outcome as a popular check on concentrated wealth rather than a verdict on any single company.
Pierre-Louis Crescitz
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Key facts
Super PAC rules meant the $47 million could not be handed straight to a campaign or steered in lockstep with it, a legal limit that still allowed a…
Talarico’s remarks framed the outcome as a popular check on concentrated wealth rather than a verdict on any single company. Tesla and SpaceX’s…
Many Democrats had been vocally outspoken against the expansion of artificial intelligence data centres on the campaign trail.
Super PAC rules meant the $47 million could not be handed straight to a campaign or steered in lockstep with it, a legal limit that still allowed a large independent outlay.
Talarico’s remarks framed the outcome as a popular check on concentrated wealth rather than a verdict on any single company. Tesla and SpaceX’s morning declines stood apart from the wider market rise.
Many Democrats had been vocally outspoken against the expansion of artificial intelligence data centres on the campaign trail.
Musk’s political action committee contributed $47 million (£35 million) to Ken Paxton’s campaign. The funds moved through Super PACs, groups that can raise unlimited sums but cannot give money directly to candidates or coordinate with their campaigns.
On Wednesday morning, stocks were broadly up after the election outcome. Tesla and SpaceX shares were down 4.9 percent and 3.4 percent respectively.