SpaceX Stock Premarket Today: SPCX Drops 5% As Texas Flips Democratic
Open the sourceReported by Coinpedia, coinpedia.org, 4 November 2026, by Anjali Belgaumkar
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SpaceX (SPCX) fell 5.20% in premarket trading Wednesday to $133.96, erasing Tuesday's 3.62% gain, after Democratic victories in Texas raised new questions for Elon Musk's companies. Musk had spent roughly $224 million backing Republican candidates in the state, where SpaceX operates its Starbase launch site. The selloff reflects investor concern that the political shift could affect the company's standing with state policymakers.
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Named in this story
SpaceX, Elon Musk, Texas, Starbase