Shares in Musk's SpaceX plunge as tech and AI stocks fall
- Shares in Elon Musk's SpaceX have plunged as tech and artificial intelligence stocks more broadly plummeted a day after the Democrats swept to victory in the midterms.
- Those losses dragged the tech-heavy Nasdaq Composite stock index down, which had fallen by more than 5% at one point in early trading.
- The market has been reacting to possible tougher scrutiny of data centre construction and the artificial intelligence (AI) industry following Democrat wins in key data centre states including Texas.
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- Shares in Elon Musk's SpaceX have plunged as tech and artificial intelligence stocks more broadly plummeted a day after the Democrats swept to victory in the midterms.
- Those losses dragged the tech-heavy Nasdaq Composite stock index down, which had fallen by more than 5% at one point in early trading.
- The market has been reacting to possible tougher scrutiny of data centre construction and the artificial intelligence (AI) industry following Democrat wins in key data centre states including Texas.
Sources: BBC News