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SpaceX and Tesla Sink 9% as Texas Election Fallout Threatens Musk's Data Center Plans; Rocket Lab and AST SpaceMobile Tumble 13%
Source: 247wallst.com
Elections & Domestic PoliticsRegulation & LegislationCompany Fundamentals
Two Democratic upsets in Texas are described as creating a direct regulatory threat for SpaceX and another unnamed Texas company. SpaceX stock was at $123.99, down 9% early in the session; the article provides no further detail on the potential regulations or the other company.
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moderately negative
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More News
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- Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway