Space Stocks Fall as SpaceX Agrees to Testify in NYC AI Safety Probe

Key Facts

1SpaceX stock dropped 4% to $156.69 following the company's agreement to testify in a New York City artificial intelligence safety probe.

2Intuitive Machines shares sank 6% and Virgin Galactic Holdings also declined during the same trading session.

SpaceX stock dropped 4% to $156.69 following the company's agreement to testify in a New York City artificial intelligence safety probe. 247wallst.com reported that the regulatory scrutiny regarding AI safety protocols triggered a broader sell-off in space-related equities.

Intuitive Machines shares sank 6% and Virgin Galactic Holdings also declined during the same trading session. Regarding previous price levels, SPCX closed at $163.42 on October 12, 2026, while LUNR closed at $12.86 and SPCE closed at $2.67 on the same date.