Elon Musk made a bold bet on artificial intelligence when he IPO'd Space Exploration Technologies (NASDAQ:SPCX) with a focus on AI this year, and predicted his company would target a "Super Intelligence" market worth $26.5 trillion. Now, the 2026 midterm results are in, and the Democrats won with both a landslide and an apparent mandate to slow the rate of AI data center growth. So what does this mean for SpaceX? Apparently, nothing good. SpaceX stock is down 3% as of 12:10 p.m. ET.
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