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Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Robert Reich criticized Space Exploration Technologies Corp. CEO Elon Musk's political spending after Republican Ken Paxton suffered a double-digit defeat in the Texas Senate race, arguing that grassroots organizing can overcome the financial influence of billionaires. Reich Criticizes Musk's Political Spending In a Wednesday post on X, the former U.S. Labor Secretary aimed at Musk, who spent heavily to support Paxton's Senate bid against Democrat James Talarico. "The richest man in the world spent more money than most people will see in a lifetime, only to lose a Senate race in Texas by double digits," Reich wrote.
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