SpaceX and AI Data Center Stocks Slide Following Democratic Midterm Election Sweep

SpaceX and artificial intelligence infrastructure stocks dropped following a Democratic sweep of the U.S. midterm elections, which secured majorities in both congressional chambers and key governorships. SpaceX fell around 4% in premarket trading and was down 3.2% as investors weighed heightened regulatory scrutiny. The selloff was intensified by Democrat Gina Hinojosa's projected gubernatorial victory in Texas, where she proposed a moratorium on AI data center construction. Texas accounts for roughly 27% of planned U.S. data center capacity. Broader AI infrastructure names declined, including CoreWeave by up to 7% and Oracle by up to 4%.