SpaceX stock dropped below its initial public offering price following a 1.99% decline linked to the Democratic sweep in the US midterm elections. The political shift raises concerns about increased scrutiny on Elon Musk's businesses due to his ties with the previous Republican administration and controversial projects like Starshield and the Department of Government Efficiency (D.O.G.E.). Additionally, potential regulatory challenges loom for SpaceX's AI ventures amid Democratic calls for stricter AI controls and environmental concerns over Musk's data centers. Tesla stock also declined despite potential benefits from the political change, reflecting broader investor caution tied to Musk's public image and policy uncertainties.
Following the political shift mentioned in the article, SpaceX shares on Pluang are trading at USD 134.50, down 1.04% as of Nov 05, 2026 17:21 WIB, slightly below its IPO price. Tesla shares also declined, priced at USD 378.63 with a 1.70% drop on the same date, reflecting some investor caution. SpaceX's market cap stands at $1.92 trillion, while Tesla's is $1.58 trillion, showing significant market presence despite recent volatility.
SpaceX stock dropped nearly 4% recently, falling below its IPO price of $135 despite a new Buy rating from Wall Street analysts and increased purchases by growth investor Cathie Wood. The decline followed Democratic wins in Texas, SpaceX's home state...
Shares of SpaceX and Tesla fell sharply after Democrats projected to control Congress, raising concerns about regulatory scrutiny and delays for a potential Tesla-SpaceX merger. Elon Musk's political ties and the companies' high-profile operations in...
Elon Musk, CEO of Tesla and SpaceX, spent over $445 million in the 2026 U.S. midterm elections, mainly opposing Democratic candidate James Talarico. Despite this massive spending, the Democrats won key races, raising investor concerns about less favo...
SpaceX has struck a multiyear deal with Qualcomm to develop 5G base stations for its Starlink Mobile service, aiming to compete with Verizon, AT&T, and T-Mobile. Qualcomm will provide its Dragonwing cellular infrastructure hardware and software to ex...
Anthropic, the AI company behind the Claude model, is preparing for its initial public offering, marking a significant moment for Wall Street and major tech firms. Big tech players like Alphabet, Amazon, and Microsoft have committed tens of billions ...
