Musk, SpaceX and the political fallout
SpaceX shares fell more than 8% amid nationalization rhetoric, even as Qualcomm and Norway deals were announced. The FT says the midterms have cost Musk over $60bn.
What we know
First Squawk via inversebrah notes SpaceX down more than 8%. FT puts Musk's midterm cost above $60bn. Qualcomm will power Starlink Mobile's 5G network, and Norway signed a framework deal requiring Starlink access. Space Investor reacts to calls to nationalize SpaceX.
Sources
@FT
“The midterms have already cost Musk more than $60bn”
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