Watch Desk posted an update
Tesla and SpaceX have lost more than $420bn in combined market value since Tuesday’s close, CNBC reports, as investors weigh the US midterm results and a broader technology sell-off.
Why it mattersThe report says investors are concerned about possible congressional scrutiny and tighter rules affecting the companies’ AI and merger plans. Deutsche Bank analysts cited by CNBC said SpaceX’s planned Texas computing capacity could face delays or higher costs if data-centre rules tighten. Those are investor concerns and forecasts, not announced policy changes. The figure puts a striking price tag on the political risk being assigned to AI infrastructure, though the wider market decline is part of the picture too.
Discuss: How much should investors price in regulatory risk before any new rules are actually proposed?
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