Space Exploration Technologies (SPCX) shares fell 4.5% in premarket trading after the 2026 US midterm elections, in which Democrats won both chambers of Congress. Investors worry about heightened scrutiny of government contracts and Elon Musk's businesses, potential national security reviews of a proposed merger with Tesla (TSLA), and Democrat Gina Hinojosa's defeat of Governor Greg Abbott in Texas, where she has called for a moratorium on new data centre development. Morgan Stanley's Adam Jonas projected positive free cash flow by 2031, four years earlier than the firm's previous model, while KeyBanc raised its 2027 capex estimate to $473 billion. Selling pressure also reflected reports of released restricted shares and valuation concerns. Musk said orbital data centres were looking “pretty appealing right now,” but the article notes no definitive merger agreement has been established.
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TSLA
• NeutralTesla, 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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