SpaceX Faces Political Pressure

It's Benzinga bringing Wall Street to Main Street. Elon Musk's SpaceX shares have fallen 46% from their all-time high on August 7th following the midterm elections, which gave Democrats control of Congress, according to Benzinga. The company faces potential investigations into its decision to throttle Starshield services in Ukraine. SpaceX also faces challenges in the data center industry, including opposition to new facilities. Democrats could also oppose a potential merger with Tesla. Analysts remain bullish, with Bernstein maintaining a $267 price target and Bank of America raising its target to $275. Third quarter revenue grew by 161% to $14.6 billion, including $7.5 billion from its AI business, while net income rose to $4.4 billion. SpaceX generated over $5.2 billion from connectivity and $1.7 billion from its space business. For all things money, visit Benzinga.com.