SpaceX Stock News

Federal officials asked to intervene in a case that accused the social media platform of allowing deceptive behavior on its site and resulted in a $140 million penalty.

Finnish President Alexander Stubb said on Thursday he pleaded with SpaceX owner Elon Musk to ​expand Starlink satellite internet coverage for Ukraine so it can strike Russian ballistic missile launchers located inside Russian ‌territory.

The US government said on ​Thursday it had ‌formally sought to join a legal challenge ​filed by billionaire ​Elon Musk to dismiss ⁠a fine of ​120 million euros ($136.51 million) ​by the European Union against his social media ​platform X.

SpaceX stock (NASDAQ: SPCX) slipped in pre-market trading on Thursday as another block of restricted stock became eligible for sale, extending a supply overhang that has followed the company since its June market debut. The stock was down about 0.6% before the bell after falling 4.11% on Wednesday to $148.36.

Elon Musk has had a friendly relationship with China, which has proved advantageous for Tesla.

Elon Musk said President Xi Jinping "seems like a great leader" and that Chinese AI models are "generally outstanding."

Tuesday, Bloomberg reported that SpaceX's AI agent Grok Bot had 400,000 weekly users.

US President Donald Trump bought as much as $50,000 worth of shares and sold as ​much as $15,000 in Elon Musk's SpaceX in July, according ‌to a public financial disclosure, his latest transactions involving a government contractor run by his former adviser.