SpaceX Shares Recover Following Midterm Election Volatility
Space Exploration Technologies Corp. (SPCX) shares saw a 7.2% recovery on Friday, November 6, 2026, following a two-day decline that had pushed the stock below its $135 IPO price. The recent volatility was triggered by Democratic victories in the midterm elections, specifically in Texas, where SpaceX is headquartered. Investors expressed concern regarding potential regulatory scrutiny of Elon Musk's companies following his significant political donations to Republican efforts. Furthermore, the election of a Texas governor who campaigned on pausing new data center construction poses a strategic risk to SpaceX’s growth plans, which rely heavily on data center infrastructure.
Topics: Midterm elections impact Regulatory risk SpaceX stock price Texas politics