SpaceX is trading at $127.42, down 5.92%, as investors weigh concerns that a Democratic sweep could bring greater scrutiny of AI and data-center projects.
- Resistance to data-center construction, sharply lower broad markets, and industrial-sector weakness add to the negative backdrop.
- A November 5 report said China Renaissance initiated coverage with a Buy rating and a $194.20 price target, but the news has not halted the decline.