📉 SpaceX shares fall from $225 to below $150

🕶️ Meta launches $299 in-house AI smart glasses

🔌 SpaceX rents its AI computers to rivals

🎬 Google invests $75M in film studio A24

🖥️ China beats US with world's fastest supercomputer

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SpaceX stock briefly fell to $149 on Tuesday, slipping under its $150 opening price for the first time since the June 12 IPO. Shares then recovered, climbing 1.3% to around $156.

The slide marks a 34% drop from the June 16 peak of $225.64. A broad chip selloff dragged markets lower Tuesday, with Micron sinking 9.2% ahead of its Wednesday earnings report.

The pullback erased roughly $1 trillion in value, knocking SpaceX from fourth to seventh largest US company. Morningstar still pegs fair value near $62, so plenty of the remaining gains look shaky too.

Meta and EssilorLuxottica launched Meta Glasses starting at $299, the first pair to drop Ray-Ban and Oakley branding entirely. The display-less specs ship today across more than 10 countries in three frame styles.

The new line undercuts Meta's $379 second-gen Ray-Ban glasses by about $80 and runs Muse Spark, the first AI model from Meta's Superintelligence Labs, which handles translation, scene recognition, and everyday questions.

Meta already owns most of the smart glasses market, but Google, Samsung, and Apple are all circling. Pushing the entry price down to $299 looks less like generosity and more like Meta building a moat.

Google DeepMind is investing roughly $75 million in indie studio A24, the company behind Backrooms and Everything Everywhere All At Once. The deal marks Alphabet's first equity stake in a film studio.

The partnership pairs DeepMind researchers with A24's tech team to build filmmaking tools, starting with AI-generated storyboards. The agreement stays nonexclusive and locks Google out of A24's film library and content data.

DeepMind already runs Veo, one of the strongest AI video generators, so it hardly needs A24 for the tech. What it really buys here is credibility with artists who mostly distrust the technology.

SpaceX signed a deal letting Reflection AI rent Nvidia GB300 chips at its Colossus 2 data center, paying $150 million monthly from July through 2029 and reaching up to $6.3 billion if the full term runs.

Colossus started as the training engine for Musk's Grok models, but SpaceX now rents spare capacity to outside labs, joining Anthropic at $1.25 billion monthly and Google at $920 million monthly.

Reflection still has not shipped a public model, yet it just committed billions in compute. SpaceX, meanwhile, keeps cashing frontier-AI checks while its own Grok sits off the frontier.

China's LineShine debuted at No. 1 on the June 2026 Top500 list, hitting 2.198 exaflops and beating El Capitan's 1.809. It hands China the top spot for the first time since 2017.

LineShine skips GPUs entirely, running on roughly 14 million cores from a custom 304-core Chinese processor. That design let it lead the list despite US export controls that limit China's access to advanced AI chips.

One catch: LineShine leads only on the traditional math benchmark. On the AI-style test it placed fourth, behind El Capitan, so the crown says more about raw computing power than AI muscle.

A) More good - 50%

B) More bad - 50%