$SPCX

AMD rose 7% after strong earnings and upbeat sales forecast. PLTR fell 2.3% due to regulatory concerns. SMCI gained 6% on record revenue. SPCX and DJT declined amid Democratic midterm gains. Oil prices rose on Iran war uncertainty. S&P 500, Nasdaq-100, and Dow futures all up premarket.

Space Exploration Technologies Corp (SPCX) stock fell 4.5% in pre-market trading after U.S. midterm elections resulted in Democratic victories, raising concerns about investigations and regulatory hurdles. Analysts highlighted long-term cash flow projections but noted high capital expenditure requirements. Broader market gains contrasted with SPCX's decline, attributed to political risks and post-IPO share unlocks.

Morgan Stanley analyst Adam Jonas upgraded SpaceX's (SPCX) revenue and earnings estimates, predicting positive cash flow by 2031, four years earlier than previously expected. The firm raised 2027 revenue estimate to $175 billion and cut projected debt issuance by $280 billion. SpaceX shares fell 5.24% to $133.91 during overnight trading on Tuesday.

SemiAnalysis estimates SpaceX (SPCX) could reach 13 GW of data center capacity by 2027, outpacing competitors. The firm notes SpaceX's rapid construction timelines, with some facilities built in 4-5 months. Google and Anthropic's computing agreements with SpaceX have a combined annual value of $26 billion. SPCX stock rose 4% on Tuesday to $141.31. Power supply remains a constraint, with a potential shortfall exceeding 300MW at Colossus 2.

SpaceX (SPCX) may lose investors to Anthropic's IPO, despite Anthropic contributing over 34% of SpaceX's Q3 revenue. Professor Cathy Zheng notes that Anthropic's listing could divert 'AI growth' capital away from SpaceX, which owns xAI and competes with Anthropic in AI models. Anthropic's IPO could raise $100B, but this is less than 1% of the combined value of Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL).

Intuitive Machines (LUNR) stock rose 8% to $10.63 after securing a third NASA Earth science contract in six months, though it's still down 35% YTD. The company has a record backlog of $1.8B and expects $900M-$1B in 2026 revenue. Rocket Lab (RKLB) and SpaceX (SPCX) also gained 5% and 3%, respectively, amid a broader space-stock rally.

SpaceX (SPCX) reported strong Q3 earnings, with Starlink revenue up 69% YoY to $5.2B and Super Intelligence (SI) revenue up 830% YoY to $7.6B. Operating income reached $2.8B, up from a loss last year. Despite this, shares have fallen 38% from their June peak of $226 to around $140, due to lockup expirations, high valuation, and significant capital expenditures.

SpaceX reported Q3 revenue of $14.60B, beating estimates, driven by AI and cloud services. Tesla's revenue was flat at $28.05B, with operating income down 55.79%. SpaceX faces higher spending pressures, while Tesla has more cash. SpaceX shares fell 14.21% over a month, Tesla gained 8.97%.

Analysts made several calls on Tuesday: Bank of America reiterated Apple as a buy, Deutsche Bank maintained Palantir as a buy, Morgan Stanley initiated Pony AI at overweight, and Wedbush started Nano Nuclear Energy at outperform. KeyBanc upgraded Howmet Aerospace, while Bank of America downgraded Marvell. Goldman Sachs upgraded SiriusXM, Bernstein reiterated Nvidia as outperform, and BMO upgraded Marsh & McLennan and AON.

SpaceX COO Gwynne Shotwell donated over 2 million shares of SpaceX (SPCX) stock to children's Trump Accounts, according to an X post. Eligible U.S. children under 18 with a Social Security number will receive the shares next month.