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This article first appeared on GuruFocus. Space Exploration Technologies Corp. (SPCX, Financials) shares fell 5.5% as Democratic victories in the U.S. midterm elections raised concerns about regulatory scrutiny and potential delays to the company's AI infrastructure expansion. Warning! GuruFocus has detected 3 Warning Sign with SPCX. Is SPCX fairly valued? Test your thesis with our free DCF calculator. Tesla shares also declined 5.1% following the election results. Democrats gained control of both chambers of Congress, while Gina Hinojosa defeated Republican Gov. Greg Abbott in Texas, where Musk maintains major business operations. Musk spent nearly $500 million supporting Republican candidates and political groups during the election cycle.
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