SpaceX (SPCX) fell 6.60% to $131.99 and Tesla (TSLA) fell 5.05% to $378.38 in pre-market trading, compared with the prior day's close, though the article notes pre-market prints are thin and can reverse. The article argues that Texas flipping to Democratic control is a headwind for Musk's empire and a speed bump for a SpaceX-Tesla merger rather than a deal-killer, as Gina Hinojosa defeated Greg Abbott in the governor's race on a pledge of a moratorium on new data centers. Other risks include likely heavier oversight from a Democratic-led Congress and SpaceX's large reliance on government contracts. On the other side, Morgan Stanley's Adam Jonas nearly doubled his 2027 estimates, now seeing $175 billion of 2027 revenue and $289 billion in 2028. Both companies have formed special committees, and Reuters puts the deal's size at about $3.5 trillion, though talks are early.
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Keywords
SpaceXTSLAmergers and acquisitionsElon Muskdata centers
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.22 |
| Change that session | -1.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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