Tesla Motors rose 3% in overnight trading after shares of Tesla fell 14% on Thursday as President Donald Trump threatened to pull government contracts for CEO Elon Musk’s companies, escalating a war of words over the spending bill.

AI shares jumped in overnight trading. BigBear.ai Holdings, Palantir Technologies Inc. up 2%; Tempus AI, Trade Desk Inc. up 1%.

Nuclear stocks fell in overnight trading. NuScale Power, NANO Nuclear Energy fell 4%; Oklo fell 2%; Centrus fell 1%.

Space stocks jumped in overnight trading. Virgin Galactic rose 7%; Viasat up 4%; DXYZ, KULR up 3%; Intuitive Machines rose 2%; Rocket Lab up 1%.

Elon Musk's feud with President Donald Trump has officially reached orbit.

Musk said in a post on X Thursday that SpaceX "will begin decommissioning its Dragon spacecraft immediately" in light of Trump's statement that floated canceling the billionaire's government contracts and subsidies.

Musk's government contracts are worth billions, with SpaceX working closely with NASA. SpaceX's Dragon spacecraft, designed to be reusable, can carry up to seven passengers to and from orbit and is the first private spacecraft to transport humans to and from the ISS, the company says.

Since 2020, NASA has relied on SpaceX's Dragon to transport astronauts to and from orbit. The agency, which retired its space shuttle program in 2011, depended on Russian Soyuz spacecraft for crewed missions prior to partnering with SpaceX.

In 2024, NASA announced SpaceX was awarded a $843 million contract to help decommission the ISS by the early 2030s. The plan involved using a larger, super-powered Dragon spaceship to push the ISS out of orbit, eventually landing in a remote part of the ocean. NASA planned to transition to using privately-owned space stations in the future.