SpaceX's five-year credit default swap spread widened by 14.6 basis points to a record high of 284.3 basis points per year on Thursday, according to ICE Data Services data. The previous peak was set on Oct. 30. The surge follows Democrats' landslide victory in the midterm elections, which market participants warned could intensify regulatory scrutiny of Elon Musk and hinder the anticipated SpaceX-Tesla merger. SpaceX and Tesla shares fell sharply amid a broader U.S. tech selloff, with the two companies' combined market value evaporating by $130 billion on Wednesday.