TradingKey – Following the U.S. midterm elections, political risks surrounding SpaceX (SPCX) have become a market focus. On November 5, the company’s shares fell by about 9%, touching $120.39 intraday, their lowest level since August 7. Investors are concerned that with Democrats taking control of Congress, scrutiny of businesses owned by Republican backer Elon Musk could intensify, potentially affecting government contracts and business expansion.

In response to these concerns, Musk stated on the social media platform X that government business accounts for less than 10% of SpaceX’s revenue this quarter, and is expected to fall below 5% in a year. He emphasized that the products the company provides to the government offer both…