Spacex Shares Hit a Low as Musk Signals Investors After Midterms

WHO:

The Motley Fool - Elon Musk is SpaceX’s CEO and the world’s wealthiest man; the article says he donated more than $445 million to Republican candidates and political action committees, including more than $200 million in Texas.

The Motley Fool - SpaceX, also called Space Exploration Technologies and identified by ticker SPCX, and Tesla are headquartered in Texas.

The Motley Fool - Texas governor-elect Gina Hinojosa and other Democrats have supported AI data-center moratoriums.

The Motley Fool - SpaceX’s AI infrastructure customers include Anthropic and Alphabet; Anthropic accounted for more than a third of SpaceX’s sales in the prior quarter.

Yahoo Finance Singapore - Musk said SpaceX could acquire a legacy wireless carrier; he named no target.

Yahoo Finance Singapore - SpaceX has acquired spectrum from EchoStar and agreed to buy nationwide 800 MHz licenses. Reports that it discussed Boost Mobile, the prepaid brand included in the EchoStar deal, were unconfirmed by SpaceX.

WHAT:

The Motley Fool - SpaceX shares fell below their June IPO price and to their lowest level since August after the midterms. The article’s market data lists SPCX at $142.12, up $7.85 (5.85%), with a $1.82 trillion market capitalization, a $135.37–$143.20 daily range, a $104.83–$225.64 52-week range, 35.3 million shares traded, and a 100.2 million average volume.

The Motley Fool - Musk said on SpaceX’s third-quarter earnings call that he planned to bring 10 gigawatts of compute capacity online by the end of 2027. The article says the company planned rapid data-center expansion in 2027 and 2028.

The Motley Fool - SpaceX’s Starship remains in testing and has not demonstrated scalable reusability; the article says it could lower launch costs by an order of magnitude compared with Falcon 9.

The Motley Fool - SpaceX’s contracts with Anthropic, Alphabet, and other compute customers can be canceled with 90 days’ notice. The company is also pursuing Starlink-backed internet and direct-to-device wireless service; comparable terrestrial service could require tens of billions of dollars absent a 5G network-sharing deal.

The Motley Fool - SpaceX trades at 51 times trailing sales, with enterprise value near $1.8 trillion. Musk has projected annual recurring revenue above $500 billion by the end of next year.

Yahoo Finance Singapore - At the Baron Investment Conference, Musk said: “We could just acquire that legacy telco and use their spectrum, you know, ten times more effectively.” He made no commitment to a target, paperwork, or timeline.

Yahoo Finance Singapore - T-Mobile rose 0.88%; Verizon and AT&T each fell roughly 0.89%. SpaceX shares rose 8.62% to $134.27, after declining 19.89% over the prior month.

Yahoo Finance Singapore - SpaceX’s EchoStar spectrum transaction was structured as $8.5 billion cash and $8.5 billion in SpaceX stock. T-Mobile reported third-quarter EPS of $3.22 versus a $2.89 estimate and revenue of $23.6 billion versus $23.1 billion expected; it raised full-year core adjusted EBITDA guidance to $37.35 billion–$37.45 billion and announced a 15% dividend increase to $1.17 per share.

WHERE:

The Motley Fool - SpaceX and Tesla are headquartered in Texas; the article identifies Texas as a potential source of regulatory hurdles.

Yahoo Finance Singapore - SpaceX has held talks with tower companies about nationwide site access.

WHEN:

Yahoo Finance Singapore - Musk spoke by video at the Baron Investment Conference on Nov. 6.

Yahoo Finance Singapore - SpaceX announced its EchoStar spectrum deal in September 2025; its nationwide 800 MHz license acquisition was expected to close in the first half of 2027. T-Mobile’s $1.17 dividend was payable Dec. 10.

The Motley Fool - SpaceX’s customer contracts are cancellable with 90 days’ notice.

WHY:

The Motley Fool - The article says Democratic election gains could bring regulatory hurdles, including AI data-center moratoriums addressing environmental effects and utility prices, potentially slowing SpaceX’s growth.

The Motley Fool - SpaceX’s compute growth benefits from a supply shortage, but the company faces customer concentration and the risk that demand, customer retention, or per-gigawatt rates weaken as supply constraints ease.

HOW:

Yahoo Finance Singapore - SpaceX spent roughly $17 billion acquiring AWS-4 and H-block spectrum licenses from EchoStar and agreed to acquire nationwide 800 MHz licenses.

The Motley Fool - SpaceX is pursuing orbital data centers to reduce reliance on terrestrial approvals; the article says their economic viability depends on Starship making launches substantially cheaper.

(UPDATED November 9, 2026 16:02 UTC)

Elon Musk says SpaceX could acquire a wireless carrier, naming no target. The company is expanding AI computing and pursuing satellite-powered wireless service. Democrats’ support for data-center moratoriums could bring regulatory hurdles in Texas.