Wire · operational-macro
SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook
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Fusion42 · 5 November 2026 · Fusion42 review
Elon Musk's companies SpaceX and Tesla saw significant share losses following Democratic wins in Texas midterm elections, raising concerns about stricter regulatory scrutiny and potential delays in data center expansions and a planned merger. The political shift threatens data center build-outs critical to SpaceX's AI computing revenue and Tesla's energy storage sales, while complicating the proposed SpaceX-Tesla merger.
This Wire brief sits within Fusion42's coverage of Deep Tech: Telecom & Connectivity, and 3 sources have reported it.
◆ ◆ The Wire takeaway
Your data centre plans in Texas now face delays or bans as political power shifts to Democrats. Expect tougher rules if you rely on AI computing or energy storage linked to Musk's firms.
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3 sources · 5 Nov 2026
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