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    Elon Musk's business empire braces for Democratic wave as Texas flips blue

    Elon Musk's nearly $500 million campaign to support Republicans failed as Democrats reclaimed both chambers of Congress and flipped Texas' governorship. The results could expose his businesses, including SpaceX and Tesla, to greater congressional scrutiny, tighter data-centre regulations and potential hurdles for expansion plans under incoming Texas Governor Gina Hinojosa.

    Tesla stock price today: Why TSLA falls as Democrats’ midterm election win puts Elon Musk’s AI data center plans at risk

    Tesla stock (TSLA) fell as Democrats’ midterm victories raised concerns about AI data center expansion, particularly in Texas. Analyst Dan Ives warned that political hurdles could slow planned projects, while Elon Musk floated the idea of space-based data centers as investors weighed the outlook for his AI ambitions.

    SpaceX to build $100 billion Starship rocket complex in Louisiana

    The company's second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX President Gwynne Shotwell said, reiterating its goals for an ambitious cadence contingent on solving steep engineering challenges and regulatory hurdles.

    Elon Musk becomes world's first trillionaire, but lives in a 20x20-foot home with an almost empty fridge

    Elon Musk has achieved a historic milestone, becoming the world's first trillionaire. This unprecedented wealth follows SpaceX's successful stock market debut. Despite his immense fortune, Musk reportedly lives in a small 400-square-foot home in Texas. His lifestyle prioritizes ambitious projects over personal luxury, a stark contrast to his record-breaking financial status.

    What is Starbase and who will run it? Elon Musk's new city in Texas explained

    The area where Elon Musk's SpaceX company operates on the southern tip of Texas is to officially become a city called Starbase. This weekend, residents voted to approve an incorporating a patch of land as the new municipality. Elon Musk is developing a new city in Texas, which is coming up in the area where SpaceX operates.

    SpaceX’s Starbase gets the green light from voters: Elon Musk’s Texas dream city becomes reality

    Elon Musk Starbase City: Starbase, Texas, is now officially a city after residents of Boca Chica Village voted overwhelmingly in favour of incorporation. Driven by Elon Musk’s vision, the area—home to SpaceX’s rocket launch base—secured city status following a ballot where 212 voted for and 6 against. The newly formed city council, composed entirely of SpaceX staff, will oversee local governance. While supporters cite economic gains, critics voice concerns over environmental impact and public beach access as corporate power reshapes civic life in South Texas.

    The Economic Times
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