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Democratic victories in Texas’s gubernatorial and attorney general races could bring greater scrutiny to Elon Musk’s companies, SpaceX and Tesla, despite Musk’s large midterm spending to support Republicans. Governor-elect Gina Hinojosa has pledged a moratorium on new data centers, threatening SpaceX’s planned expansion, while incoming Attorney General Nathan Johnson has said he would investigate Starlink’s broadband grants. SpaceX and Tesla shares each fell more than 3% on Wednesday.
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