SpaceX agreed to testify before the New York City Council on AI safety concerns, causing its stock to drop 4%. This subpoena follows SpaceX's previous absence at an AI hearing, intensifying regulatory scrutiny. The probe focuses on data privacy, safeguards, and whistleblower protections related to SpaceX's AI operations, now part of the company after folding Musk's AI venture into it. The broader space sector also suffered, with Intuitive Machines down 6% and Virgin Galactic slipping 0.9%, reflecting market worries about regulatory impacts beyond SpaceX. Investors should watch Friday's testimony for clues on the probe's future and potential effects on space stocks.
SpaceX trades at USD 156.69 with a 4.12% drop on Pluang as of Oct 13, 2026 22:51 WIB. Intuitive Machines is down 5.91% at USD 12.10, while Virgin Galactic holds near USD 2.65, down 0.94%. Pluang users show more buying interest in SpaceX and Virgin Galactic despite recent declines.
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SpaceX plans to replace terrestrial cell towers with satellite-linked femtocells, but analysts highlight significant technical, economic, and regulatory challenges, especially in cities. Some aspects of the plan are seen as unrealistic, leading to a ...
T-Mobile shares recovered 3% after a historic 13% drop caused by SpaceX's Starlink acquiring new spectrum for satellite phone coverage. This move threatens traditional carriers by enabling satellite-based service without towers, potentially disruptin...
