# Shares in Musk’s SpaceX plunge as tech and AI stocks fall

- URL: https://talkfuse.com/story/shares-in-musks-spacex-plunge-as-tech-and-ai-stocks-fall/
- Published: 2026-11-05T16:44:38+00:00
- Updated: 2026-11-05T17:03:57+00:00
- Original publisher: BBC Technology (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/cmn04705rd8jo?at_medium=RSS&at_campaign=rss
- Topics: AI, Americas, Business, Markets, Space, Technology, World

## Key points

- SpaceX shares fell more than 7% in early trading.
- The Nasdaq dropped by more than 5% at one point.
- Data centre scrutiny and AI valuations unsettled investors.

## Summary

Shares in SpaceX and other technology companies fell after Democrats won key races in the US midterm elections, prompting concern that data centre projects and the AI industry could face tougher scrutiny. The Nasdaq Composite dropped by more than 5% at one point in early trading, as investors also weighed whether AI stocks had risen too far.

SpaceX shares fell more than 7% and Tesla shares more than 9% in early trading on Friday. Over five days, AMD was down nearly 17%, Micron more than 20% and Intel more than 18%; Nvidia fell more than 10%, while the Philadelphia Semiconductor Index dropped more than 13%. Texas governor-elect Gina Hinojosa campaigned for a pause on new data centre construction, and technology executives said they needed to do more to explain AI’s benefits and engage local communities.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.