00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk's SpaceX shares have fallen 46% from their all-time high on August 7th
00:08following the midterm elections, which gave Democrats control of Congress, according to Benzinga.
00:14The company faces potential investigations into its decision to throttle Starship services in
00:19Ukraine. SpaceX also faces challenges in the data center industry, including opposition to
00:25new facilities. Democrats could also oppose a potential merger with Tesla. Analysts remain
00:31bullish, with Bernstein maintaining a $267 price target and Bank of America raising its target to
00:38$275. Third quarter revenue grew by 161% to $14.6 billion, including $7.5 billion from its AI business,
00:50while net income rose to $4.4 billion. SpaceX generated over $5.2 billion from connectivity
00:58and $1.7 billion from its space business. For all things money, visit Benzinga.com.
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