SpaceX stock fell below its initial public offering price of $135 for the first time, reflecting a decline in market enthusiasm for the company. This drop marks a significant loss for a stock that previously experienced substantial gains.

Grok, developed by Elon Musk's xAI, replaced Anthropic's Claude in Project Maven and facilitated over 2,000 munitions strikes against Iran in 96 hours during Operation Epic Fury. The Pentagon confirmed this shift in a legal brief following a contract dispute with Anthropic.

Elon Musk testified in a California federal court, asserting that Sam Altman and his co-founders "stole a charity." During the proceedings, Musk admitted under oath that Tesla is not currently pursuing artificial general intelligence (AGI), contradicting a recent tweet.

SpaceX is preparing for an initial public offering (IPO) that could achieve a valuation of $2 trillion, making it potentially the largest IPO in history. Despite current financial losses, the company is expected to become the most expensive stock in the market upon going public.