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 autonomous driving, AI, and national security contracts face increased examination. Meanwhile, legacy automakers General Motors and Ford saw stock gains, reflecting investor caution around Musk's political exposure. The merger talks aim for a mid-2027 announcement, but a Democratic Congress could slow the process and increase scrutiny.
As of Nov 04, 2026 20:41 WIB, Tesla shares are down 4.69% at USD 379.80 on Pluang, while SpaceX has fallen 6.67% to USD 131.89. General Motors is gaining, up 1.81% at USD 89.94, reflecting a contrasting investor sentiment toward legacy automakers versus Musk-linked companies. Notably, Tesla's market cap stands at $1.58 trillion on Pluang, highlighting its significant scale despite recent declines.
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 ...
Intuitive Machines' stock rose 8% after NASA awarded it a third Earth science contract within six months for the FALCON-RADAR mission, set to launch no earlier than 2029. This contract adds to the company's record $1.8 billion backlog and supports it...
Wall Street analysts remain optimistic about SpaceX's stock, projecting up to an 80% increase by 2027 driven by expanding AI infrastructure and strong connectivity business. Bernstein and Phillip Securities recently raised their price targets signifi...
