Shares of Space Exploration Technologies (NASDAQ:SPCX) shed 12.5% of their market capitalization in the two days following the 2026 Midterm Elections, as investors worried over the implications a Democrat-controlled Senate and House of Representatives might have for companies controlled by Elon Musk. On Friday, things got a little better for SpaceX stock. While still underwater relative to its $135 IPO price, SpaceX stock is making back some of its losses today and is up 6.2% to $131.15 at 9:55 a.m. ET. Image source: Getty Images.
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