[SpaceX Drops 3.5%, Set to Testify on AI Safety Issues Before New York City Council] According to Golden Finance, on October 13, SpaceX (SPCX.US) dropped 3.5%, closing at $157.75. On the news front, the New York City Council announced on Tuesday that SpaceX has agreed to testify this week before the council as part of a legislative investigation into artificial intelligence safety risks. The hearing is scheduled to take place at 10:00 AM Eastern Time on Friday in the council's Technology Committee. Council spokesperson Julie Menin and General Counsel Nwamaka Ejebe issued a subpoena to Elon Musk and SpaceX's artificial intelligence division on September 28, requesting their testimony regarding a hearing held last week. Representatives from Anthropic, OpenAI, Google, and Meta attended the October 5 hearing, but SpaceX was absent. In a statement on Tuesday, Menin noted that SpaceX agreed to testify two days after the council indicated it would seek a court order to enforce the subpoena.