SpaceX Shares Slide 45% From Record Despite 161% Revenue Growth

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SpaceX shares dropped $12.61, or 9.28%, to $123.31 on Thursday, deepening a selloff that began after Tuesday’s midterm elections. The fall cut SpaceX’s market value to about $1.66 trillion and left the stock roughly 45% below its $226 record high. Investors fear Democratic control of Congress could block a merger with Tesla that would give …