SpaceX (NASDAQ: SPCX) stock price dropped by 1.02% on September 1, to close trading to $142 at the time of writing. The drop comes amid a surge in government bond yields that is weakening demand for risk assets.
SpaceX stock is also in the spotlight after the CEO of the company, Elon Musk, called for lighter regulations in the AI industry while speaking at the G20 Tech Summit that took place on September 1.
Musk Advocates For Lighter AI Regulations
While speaking to the EU members who attended the G20 summit, Musk said that their regulations have hindered innovation.
The billionaire urged the EU leaders to create an environment that is not heavily regulated, saying that new technologies should not be seen as illegal by…
