Shares in Musk's SpaceX plunge as tech and AI stocks fall | HappeningNow.news

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Shares in Musk's SpaceX plunge as tech and AI stocks fall

Shares in Elon Musk's SpaceX have plunged as tech and artificial intelligence stocks more broadly plummeted a day after the Democrats swept to victory in the midterms.

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Shares in Elon Musk’s SpaceX fell sharply after the Democrats won a majority in the mid‑term elections. The drop was part of a broader slide in technology and artificial‑intelligence stocks. The Nasdaq Composite, heavily weighted toward tech, fell more than 5% at one point early in trading. The decline reflected the market’s reaction to the election outcome.

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