SpaceX is trading 3.35% lower at $138.93, with reports linking the decline to Democratic midterm victories and investor concerns about possible regulatory scrutiny.
- Investors are concerned about possible scrutiny of Elon Musk’s businesses and government contracts.
- SpaceX announced a Qualcomm partnership for its planned terrestrial 5G network; reports do not cite it as pressure on shares.
- The broader market is higher, so general market weakness does not explain the move.