Why SpaceX Stock Is Up Today

Space Exploration Technologies Corp. (NASDAQ:SPCX) stock is recovering, up 7.3% as of 1:56 p.m. ET on Friday, Nov. 6, after a two-day slide that took it below its IPO price of $135. The S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) are up 0.8% and 1.4%, respectively. Shares of the rocket, satellite, and AI company fell about 13% through two trading sessions following Tuesday's sweeping midterm victory for the Democratic Party.

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