SpaceX Stock Dips After Midterms: Why Investors See a Buying Opportunity

invezz.com (Dutch) —

SpaceX shares fell to their lowest level since August, down 30% from October 6 highs and 45% below post-IPO peaks, following Democratic congressional victories in the November 3 midterm elections. Investors fear stricter oversight of Elon Musk's companies and federal contracts, with concerns over Starlink operations in Ukraine and potential regulatory scrutiny. The selloff mirrors declines in AI-related stocks like Nvidia, AMD, and Arm Holdings. Despite the drop, SpaceX reported Q3 revenue of $14.6 billion, up 161% year-over-year, with AI revenue surging to $7.5 billion. Analysts suggest buying near $100 support, targeting recovery to $150 and $176, though regulatory risks to Starlink remain.


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