SpaceX and Tesla shares fell 9% following Texas elections that brought Democratic leaders promising to halt new data center construction and investigate SpaceX's Starlink grants. This threatens SpaceX's planned data centers and Tesla's robotaxi expansion in Texas, their home state. While SpaceX's AI and Starlink businesses are growing rapidly, regulatory hurdles in Texas pose risks. Elon Musk hinted at exploring space-based data centers as an alternative, but uncertainty remains until policies are clarified.
SpaceX shares are down 7.30% at USD 126.00 on Pluang as of Nov 05, 2026 23:21 WIB, reflecting investor caution in the Industrials sector. Tesla also fell 9.06% to USD 350.30, with a typical hold time of 89 days on the platform. Rocket Lab and AST SpaceMobile saw even steeper declines, with AST SpaceMobile down 13.67% at USD 30.75, showing heightened volatility in space-related stocks.
Goldman Sachs and Apollo Global Management are reportedly arranging investors to take portions of a $40 billion financing deal for SpaceX's AI chip purchases, specifically NVIDIA Vera Rubin chips. The deal involves a lease structure where SpaceX pays...
Stack Capital Group Inc. announced its Q3 2026 financial results, reporting a book value per share of $19.90, slightly down from $20.25 in Q2. The company highlighted significant portfolio developments, including Crusoe's $3.9 billion Series F financ...
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...
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 ...
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...
