Michael Burry wants to short SpaceX $SPCX, but the options are too expensive
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The NAACP sued xAI in April 2026 under the Clean Air Act, alleging the company was operating gas turbines without the necessary permits to power its AI facility. The turbines are located in Southaven, Mississippi, near the data center in Memphis, Tennessee. According to the lawsuit, the number of turbines has increased from 27 to 57 since the case was filed. xAI maintains that the turbines are exempt from Mississippi permitting requirements because they are mounted on trailers and classified as temporary mobile equipment. On Monday, the DOJ filed court documents arguing that shutting down the turbines could harm U.S. national, economic, and energy security. The department stated that the facility supports military AI capabilities. A declaration from the Defense Department's Chief Digital and AI Officer, Cameron Stanley, said Grok is one of only four AI models approved for mission-critical use on classified U.S. government networks and has been utilized in recent military operations involving Iran. The DOJ, xAI, and the State of Mississippi are jointly seeking dismissal of the lawsuit. Source: Bull Theory
Elon is now worth $1.3 trillion. Source: Watcher Guru
1. Immediate and permanent end to war on all fronts, including Lebanon 2. US naval blockade on Iranian ports lifted immediately 3. Strait of Hormuz to reopen within 30 days 4. US oil and petrochemical sanctions on Iran suspended 5. $24 billion in frozen Iranian assets released during 60-day negotiation period, $12 billion before talks even start 6. 60-day negotiation period for Iran's nuclear programme and full sanctions relief 7. Final signing in Geneva on June 19. JD Vance expected to attend The US disputes point 5, saying no funds will be released without Iran fulfilling commitments first.