[Deutsche Bank: SpaceX Political Risks Overestimated; Tighter Computing Power Supply Boosts Company Revenue] BlockBeats reports on November 8th that Deutsche Bank's latest research report indicates that market concerns about political retaliation against SpaceX after the midterm elections are significantly overestimated. The bank maintains its "buy" rating and a $250 target price. Deutsche Bank believes that SpaceX's core contracts are signed by federal administrative agencies such as NASA and the Space Force, leaving extremely limited room for congressional intervention. Furthermore, there are currently no viable alternative suppliers in most business areas. Even if SpaceX seeks a merger with Tesla, Congress has no power to directly block it, only to delay it through hearings. The real near-term risk to watch comes from the Texas governor-elect's tough stance on data centers, but this is more likely to lead to stricter scrutiny than a complete ban. Since the vast majority of SpaceX's computing power in 2027 will be deployed outside Texas, the short-term impact is limited, but uncertainty surrounding expansion plans in 2028 and beyond may lead to a shift to states like Louisiana. A Deutsche Bank report further proposes a counter-argument: if Texas policies slow the overall expansion of computing power in the US, SpaceX could actually benefit. Because its computing power deployment is faster and cheaper than its competitors, and new cloud contracts include 90-day cancellation clauses, SpaceX can flexibly capture upside potential when spot prices rise. If industry-wide computing power supply is constrained, SpaceX has the ability to significantly increase pricing, thereby driving revenue and EBITDA growth. Regarding the policy uncertainty in Texas, Musk recently stated that "data centers in space are looking quite attractive right now." Deutsche Bank points out that the reusability of Starship will be key to unlocking the economics of orbital data centers, with a baseline forecast of 500 megawatts of deployment by the end of 2029. Regarding launch operations, since approval and regulation fall under the purview of the federal FAA, the Texas governor cannot directly intervene, but can increase the difficulty of expanding Starship bases through land use rights and state-level permits. [Original Link]