Democrats won a sweeping midterm victory, taking control of both the Senate and the House in what's being called a historic rebuke of Trump.

• Democrats flipped the Senate to 54 seats and took the House, with big upset wins in states like Iowa, Kansas, Texas, Ohio, North Carolina, and Maine.
• Texas flipped blue for governor and Senate, a major symbolic loss for Republicans despite heavy spending there by Elon Musk.
• Tesla and SpaceX stocks fell on the results, and plans for new AI data centers are now in doubt as Democrats take power.
• Trump downplayed the loss in calls to reporters, claiming he wasn't on the ballot, while a Democratic lawmaker who may chair the House oversight committee warned Republicans to "lawyer up."
• Florida stayed Republican but was unusually close, and one new Senator from South Carolina and the first Black governor of Georgia were among the historic wins.

Outlook: With Congress now controlled by Democrats, expect investigations into Trump-era contracts and policy, and a fight over his agenda before his term ends.