A post by @WatcherGuru on X.

Elon Musk’s SpaceX and Tesla reportedly shed more than $420 billion in combined market value after Democrats won the U.S. midterm elections, according to a Watcher.Guru post. The headline ties the selloff in the two Musk-linked names to the political outcome rather than to company-specific disclosures. SpaceX is referenced by the ticker $SPCX alongside Tesla’s $TSLA, though the post does not break out how the losses were split between the two. The scale of the move matters because it frames the midterm result as a market-moving event for Musk’s business empire. What to watch next is whether the decline holds and whether investors treat it as a durable political-risk repricing or a short-lived reaction.