# SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

- URL: https://talkfuse.com/story/spacex-tesla-extend-losses-as-midterm-results-cloud-data-center-merger-outlook/
- Published: 2026-11-05T19:18:44+00:00
- Updated: 2026-11-05T20:52:00+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/spacex-tesla-extend-losses-midterm-results-cloud-data-center-merger-outlook-6528816
- Topics: Business, Companies, Elections, Politics, Space, Technology, World

## Key points

- Tesla and SpaceX shares fell after Democratic midterm gains.
- The companies faced more than US$380 billion in potential weekly market value losses.
- Data centre delays and tougher merger scrutiny concern investors.

## Summary

Shares in SpaceX and Tesla fell further on Thursday as investors weighed whether Democratic gains in the US midterm elections could slow data centre construction and bring closer scrutiny of Elon Musk’s businesses. The results may also make a proposed merger between the companies harder to secure regulatory approval for.

Tesla shares dropped more than 11 per cent and SpaceX shares nearly 9 per cent, putting Musk’s companies on course to lose over US$380 billion in combined market value that week. Goldman Sachs estimated that election gains could prompt short-term data centre moratoria affecting about 45 per cent of planned US capacity expansion. More than half of SpaceX’s third-quarter sales came from renting computing capacity; Tesla’s energy unit sells storage to data centre operators. Musk has also announced a proposed Texas chip complex costing up to US$119 billion, while company committees are exploring a possible merger.

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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.