[SpaceX Credit Default Swap Spread Hits Record High] According to Bloomberg, data from ICE Data Services shows that the spread of SpaceX's five-year credit default swaps (CDS) widened by 14.6 basis points on Thursday to 284.3 basis points per year, a record high. The previous high was on October 30. This followed a major victory for the Democrats in the midterm elections, with market participants warning that this could increase scrutiny of Musk and hinder the market's anticipated merger between SpaceX and Tesla. Shares of SpaceX and Tesla fell sharply on Thursday amid a sell-off in US tech stocks, with the two companies losing a combined $130 billion in market capitalization on Wednesday.