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Invesco QQQ Trust Series 1

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

IREN Ltd.

IREN Limited

IRENs quarterly results and call dominate discussion: traders cite rapid AI-cloud growth, a larger backlog and new customer contracts, while the delayed rollout of its contracted revenue target and substantial remaining funding needs weigh on sentiment amid a broader selloff in AI and data-center stocks. Bulls view the business momentum as a buying opportunity and anticipate a rebound, while bears focus on execution and financing risks and question whether the earnings strength can support the share price.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

A sharp tech-led selloff has driven QQQ discussion, with traders linking it to election-related fears of tighter data-center and AI investment limits and a broader repricing of the AI trade. Others argue the move reflects stretched valuations and fund liquidations rather than election results alone, while some see the decline as an overreaction and anticipate a rebound.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

NVIDIA is caught in a sharp semiconductor selloff as traders worry that election results and growing local opposition to data centers could slow AI infrastructure spending. The community is split between fears that weaker buildout would undermine chip demand and views that the selloff overstates the risk because projects and AI demand can shift elsewhere.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Cloud Memory Business Unit (CMBU), Core Data Center Business Unit (CDBU), Mobile and Client Business Unit (MCBU), and Automotive and Embedded Business Unit (AEBU). The CMBU segment focuses on memory solutions for large hyperscale cloud customers and High-Bandwidth Memory for all data center customers. The CDBU segment is involved in memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers. The MCBU segment focuses on memory and storage solutions for the mobile and client segments. The AEBU segment is involved in memory and storage solutions for the automotive, industrial, and consumer segments. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Microns sharp selloff is part of a broader semiconductor and AI-stock rout, with traders focused on fears that post-election calls for AI regulation and data-center restrictions could slow infrastructure spending and chip demand; some also attribute the move to forced deleveraging. The community is split between bears warning that a slower AI buildout could pressure future growth and bulls arguing that demand and Microns fundamentals remain strong, making the selloff an overreaction.

Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications, and wireless. The company was founded by Chih Hsiang Lin on February 28, 1997 and is headquartered in Sugar Land, TX.

Applied Optoelectronics Inc

AAOI is selling off sharply after its quarterly report despite beating estimates, as its next-quarter revenue outlook came in below expectations and management said U.S. capacity expansion will take longer because of power and construction delays. Bulls call the reaction excessive, pointing to a multiyear hyperscaler agreement and expected optical-demand growth, while bears focus on execution and near-term guidance risks.

Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X ETF

Direxion Daily Semiconductor Bull 3X Shares

A sharp semiconductor and tech selloff, amid concerns about AI infrastructure spending and election-related policy uncertainty, has driven attention to SOXL; traders also point to margin calls and forced selling as factors that may have intensified the decline. The funds 3x daily leverage magnifies moves, fueling debate between those expecting further losses and dip buyers anticipating a rebound.

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DraftKings Inc. - Ordinary Shares - Class A

DraftKings Inc

DraftKings quarterly report and sharply reduced full-year outlook have sparked a selloff, with traders focused on weaker-than-expected results and heavy investment in its Predictions business weighing on profitability. The reaction is largely bearish, with frustration over management and competition, though some investors argue the spending could build future growth and are buying the dip.

VanEck ETF Trust - VanEck Semiconductor ETF

VanEck Semiconductor ETF

SMH is under pressure as traders reassess whether AI and data-center investment can sustain semiconductor demand, with midterm results and possible data-center restrictions adding to concerns about capex and returns. The community is split between calling the selloff an overreaction and buying the dip, and warning that the AI trade may face further downside.

Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. The firm offers various products for application security, performance and reliability, network services, Zero Trust, developer platform, media delivery, insights, domain registration, and consumer services. It operates through the United States and Rest of the World geographical segments. The company was founded by Matthew Prince, Michelle Zatlyn, and Lee Holloway in July 2009 and is headquartered in San Francisco, CA.

Cloudflare Inc - Ordinary Shares - Class A

Cloudflare Inc

Cloudflares quarterly results beat expectations and came with stronger guidance, prompting an after-hours rebound despite a sharp session decline. Traders are debating whether the growth outlook outweighs valuation and profitability concerns, including pressure on margins and ongoing GAAP losses.

IonQ, Inc. develops and manufactures quantum computers. The firm specializes in quantum computing and quantum information processing. The company was founded by Christopher Monroe and Jung Sang Kim in 2015 and is headquartered in College Park, MD.

IonQ Inc

IonQs quarterly earnings beat expectations and higher revenue outlook are driving attention, with traders pointing to strong growth and backlog. The shares selloff despite the upbeat report has sparked debate over broader market weakness, dilution and cash burn versus the companys long-term quantum growth prospects.

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Planet Releases First Light from Pelican-12

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today released its first light image from Pelican-12, an updated second generation (Gen 2) high-resolution Pelican satellite, captured over Luanda, the capital city of Angola. The image was taken on...

Midterm Election Impact: SPCX, ASTS, RKLB Stocks Sink As Musk’s Political Ties Put Tesla-SpaceX Merger Under Fresh Scrutiny 

Equity

Morgan Stanley valued SpaceX slightly below the S&P 500 on projected 2028 earnings and forecast positive free cash flow by 2031.

Stocktwits Space Race Monthly: SPCX Holds Up Better Than ASTS, RKLB And PL In October — But VSAT Takes The Crown 

Viasat drew Amazon takeover speculation, while advancing NASA work and satellite-connectivity partnerships.

Planet Labs Drops 25.8% in a Month as Investors Weigh Execution Risk

Planet Labs shares plunge 25.8% in a month as heavy capital spending and premium valuation cloud its robust defense-led growth.

Planet Labs' Berlin Expansion Could Reshape Its European Growth Path

Planet Labs' Berlin facility boosts satellite production capacity amid surging European sovereign demand, but rising capital spending and weaker cash flow pose risks.

Should Investors Buy Planet Labs as Growth Meets Premium Valuation?

Planet Labs' surging revenues and $815M backlog fuel its growth story, but premium valuation, heavy capital spending and weak returns call for investor caution

Stocktwits Space Race Weekly: RKLB, VSAT Beat SPCX With Modest Gains — ASTS And PL Sink Deeper 

SpaceX continued Tesla merger talks and is reportedly exploring access to 80,000 U.S. cellular sites for a potential nationwide wireless network.

Planet Labs vs. BlackSky: Which Space Stock Is the Better Pick?

PL and BKSY are riding growing demand for satellite imagery and AI analytics, but one stands out with stronger financials and growth prospects.

RKLB Is Among Nasdaq’s Top 5 Losers So Far This Month, Yet Analysts See 90% Upside — Can Neutron Justify Its SpaceX Premium? 

RKLB trades at 26.6x forward EV/sales, about 89% above SpaceX, while Redwire has the lowest valuation multiples.

Planet Awarded NASA Commercial Satellite Data Acquisition (CSDA) Evaluation Task Order for Tanager Hyperspectral Data

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced that its subsidiary, Planet Labs Federal, has been awarded an evaluation task order under NASAs Commercial Satellite Data Acquisition (CSDA) program. Under the agreement, NASA will...

Planet Labs PBC provides daily data and insights about earth. It offers a web-geo platform with satellite data available and foundational analytics to derive insights to make decisions. The company is founded by William S. Marshall and Robert H. Schingler in 2010 and is headquartered in San Francisco, CA.

Planet Labs PBC - Ordinary Shares - Class A

Bearish Sentiment

<ul class="summary-bullets"><li>Space stocks fell overnight as Democratic midterm gains heightened concerns about political scrutiny of Elon Musk’s businesses.</li><li>Influencer Alexandra Merz said greater congressional scrutiny could complicate a Tesla-SpaceX merger without automatically blocking it.</li><li>George Noble urged adding to his existing SpaceX and Tesla shorts, citing longstanding concerns about spending, cash burn and valuations.</li></ul>SpaceX (SPCX), AST SpaceMobile (ASTS) and Rocket Lab (RKLB) shares fell overnight as fears of political backlash against Elon Musk following Democratic midterm gains spilled into the broader space sector, raising fresh questions about a potential Tesla-SpaceX merger.<a href="https://stocktwits.com/symbol/SPCX">SPCX</a>,&nbsp;<a href="https://stocktwits.com/symbol/RKLB">RKLB</a>,&nbsp;<a href="https://stocktwits.com/symbol/ASTS">ASTS</a>,&nbsp;<a href="https://stocktwits.com/symbol/PL">Planet Labs (PL)</a>,&nbsp;<a href="https://stocktwits.com/symbol/RDW">Redwire (RDW)</a> and&nbsp;<a href="https://stocktwits.com/symbol/LUNR">Intuitive Machines (LUNR)</a> all fell between 2% and 6% overnight heading into Wednesday.Democrats won the Senate and are projected to take the House, raising the prospect of tougher scrutiny of Musk’s government dealings. The selling also swept the wider market: Nasdaq futures fell 0.4% and S&amp;P 500 futures slid 0.3%, and Dow futures slipped 0.1% heading into Wednesday trade.<h2 class="st-heading-2">Analyst Floats SpaceX Deal Possibility</h2>Satellite communications and spectrum consultant Tim Farrar raised the prospect of Musk shifting the spotlight from politics to business.“Will Musk/SpaceX announce some business deal tomorrow to change the focus away from politics?” he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TMFAssociates/status/2117831552059240575">asked on X</a>. His doubts come after a recent note in which he speculated that SpaceX could pursue EchoStar’s remaining business through a share-based deal involving wireless assets and spectrum.&nbsp;<h2 class="st-heading-2">Musk’s Political Bet Comes Under Fire</h2>Meanwhile, Alexandra Merz, CEO of L&amp;F Investor Services, questioned Musk’s political spending: “First time I see Elon not making good on the money he invests.” Musk contributed $446 million during the 2026 midterm election cycle, mostly to Republican-aligned groups.Musk’s ties to Trump and his former role leading DOGE have raised the stakes, with Democrats threatening investigations into his government work and federal contracts. Lawmakers have also sought a probe into reported SpaceX communications restrictions in Ukraine.Trump recently signaled willingness to consider pre-emptive pardons for Musk and other allies, saying: “I would if I needed to, sure. I wouldn’t even think about it. I did it for J6.”<h2 class="st-heading-2">Tesla-SpaceX Deal Faces A Tougher Path</h2>Merz said Democratic gains could bring more hearings, subpoenas and scrutiny of government contracts, complicating a Tesla-SpaceX merger without automatically blocking it. “Congress cannot simply veto a private merger,” she said. “It does not, by itself, put the merger off the table.”She identified shareholder approval, special-committee processes and regulatory reviews as the key hurdles. Both companies have formed committees to assess a merger. Merz pointed to committee progress, potential disclosures ahead of Tesla’s Dec.3 annual meeting and formal deal terms as the next developments to watch.&nbsp;<h2 class="st-heading-2">Noble Urges Bigger Shorts, Cardone Warns On Texas</h2>Veteran investor George Noble urged adding to his bearish bets on Musk’s companies.“Elon Musk is the biggest loser in the elections tonight. TIME to add to our profitable short positions in $SPCX and $TSLA,” he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/gnoble79/status/2117834314821890282">said on X</a>. “The speed of the coming collapse will be something to behold.”Last month, Noble called Tesla and SpaceX short calls at $485 and $145, respectively, pointing to cash burn, heavy spending and high valuations. He acknowledged then that Tesla had fallen since his call, while SpaceX had risen. “The election doesn’t solve the AI funding problem.”&nbsp;Cardone Capital founder and CEO Grant Cardone also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/GrantCardone/status/2117796092448268485">flagged</a> political risks: “If talarico wins Texas it won’t be good for SpaceX or the AI bet.” Democrat James Talarico defeated Republican Ken Paxton, ending Democrats’ statewide losing streak in Texas dating to 1994.<h2 class="st-heading-2">Morgan Stanley Sees SpaceX Cheaper Than S&amp;P 500</h2>On the other hand, Morgan Stanley offered a bullish counterpoint, as per a note shared by Tesla investor and influencer Sawyer Merritt. “On fiscal year 2028, $SPCX trades cheaper than the S&amp;P500. Interesting,” the firm&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/SawyerMerritt/status/2117722590110478489">said</a>.Using a $140 reference share price and projected 2028 adjusted earnings of $109 billion, the research firm put SpaceX at 17.6 times estimated earnings, just below the S&amp;P 500’s estimated 17.7 times multiple. He nearly doubled his 2027 revenue forecast to $175 billion and raised his 2028 revenue and operating-income estimates to $289 billion and $119 billion, respectively.“At the time of our initiation, we had expected SPCX to be FCF negative until 2035. Today, we forecast the company to achieve positive FCF by 2031 - a 4 year pull-forward FCF break-even,” Morgan Stanley said. Projected borrowing fell to $390 billion through 2031 from $670 billion through 2035, though the forecasts cover different periods.<h2 class="st-heading-2">How Do Retail Traders Feel About Space Stocks?</h2>On Stocktwits, sentiment for SPCX, ASTS and RKLB was ‘bearish,’ with ‘low’ message activity across all three stocks.&nbsp;One user&nbsp;<a href="https://stocktwits.com/Skywulf/message/668098170">said</a>, “That’s why EM [Elon Musk] should have stayed out of politics, now you tie your share price to the political landscape.”Another user&nbsp;<a href="https://stocktwits.com/TheBullishTrade/message/668097461">said</a> that Musk’s critics in a Democratic-led Congress could favor funding and contracts for companies outside his business empire.<stembedurl>https://stocktwits.com/TheBullishTrade/message/668097461</stembedurl>AST buys SpaceX launch services while competing in satellite-based mobile connectivity. Rocket Lab competes with SpaceX for launches and supplies spacecraft and components to government customers, giving the companies different exposure to Musk’s political risks.&nbsp;A separate user&nbsp;<a href="https://stocktwits.com/Moon_Seekr/message/668098451">urged</a> investors to hold their positions, citing historically strong market performance in the third year of a presidential term.<stembedurl>https://stocktwits.com/Moon_Seekr/message/668098451</stembedurl>For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-gop-won-landslide-ballot-analyst-absolute-bloodbath-ai-stocks/cNGLGfqR9dD">Trump Claims GOP Would Have Won ‘Landslide’ With Him On Ballot — Analyst Sees ‘Absolute Bloodbath’ For AI Stocks&nbsp;</a>

Tesla and SpaceX CEO Elon Musk (C) reacts after being awarded the National Medal of Science during on October 08, 2026 in Washington, DC. (Photo by Win McNamee/Getty Images)

Could Musk’s Midterm Setback Complicate A Tesla-SpaceX Merger? Space Stocks Face The Heat 

AST SpaceMobile Inc

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Leverage Shares 2x Long SPCX Daily ETF

Defiance Daily 2X Space ETF

Tradr 2X Long SpaceX Daily ETF

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Space stocks, including $SPCX, $RKLB, and $ASTS, have been crushed in recent weeks. Is the selloff finally over? Cast your vote and drop your reasoning in the comments.

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