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SpaceX stock price drops after Cursor purchase. How low could it go?

SpaceX stock is trading at $191.82 after the company bought Cursor-maker Anysphere in an all-stock deal. Shares have declined for three straight days since the acquisition. Morningstar has reduced its fair value estimate to $62.

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What changed

New data identifies the acquisition price as $60 billion and the current stock price as $191.82.

Live updates

  1. SpaceX Shares Fall Following $60B Cursor Acquisition

    SpaceX stock is trading at $191.82 after the company bought Cursor-maker Anysphere in an all-stock deal. Shares have declined for three straight days since the acquisition. Morningstar has reduced its fair value estimate to $62.

    What's confirmed:

    • SpaceX acquired Cursor-maker Anysphere in a $60B all-stock deal.
    • The stock price fell 18% from a record high of $225.64.
    • SpaceX shares have dropped for three consecutive days.

    Still unconfirmed:

    • Morningstar cut the fair value of the stock to $62.
    • The SpaceX IPO occurred on June 12.
    • An August float unlock is expected.
    • The IPO made Elon Musk a trillionaire.
    confidence 80%

  2. SpaceX Stock Falls for Third Day Amid $60 Billion Cursor Deal

    SpaceX shares have dropped for three consecutive days following the acquisition of AI startup Cursor. The stock fell 18% from its record high of $225.64, erasing over $600 billion in market value. Investors are concerned about valuation and the company's cash burn rate.

    What's confirmed:

    • SpaceX acquired AI startup Cursor for $60 billion.
    • The stock price dropped 18% from its record high of $225.64.
    • The selloff erased more than $600 billion in market capitalization.
    • SPCX shares have declined for three straight days.
    • The stock is currently trading at $185.
    • The IPO price for SpaceX was $135.

    Still unconfirmed:

    • SpaceX plans to raise $20 billion in its first bond offering.
    • Bearish bets have increased to 13% of the float.
    • The stock price hit a low of $174.90 within two days.
    confidence 90%

  3. SpaceX Stock Declines Following $60 Billion Cursor Acquisition

    SpaceX shares fell to $185 after the company announced an all-stock purchase of AI startup Cursor for $60 billion. The drop wiped out over $600 billion in market value as investors raised concerns over share dilution and valuation risks. Some analysts now rate the stock as a Sell.

    What's confirmed:

    • SpaceX acquired AI coding startup Cursor for $60 billion.
    • The stock price fell to $185 following the Cursor deal.
    • The market value of SpaceX decreased by more than $600 billion after the acquisition.
    • The Cursor purchase was an all-stock acquisition.

    Still unconfirmed:

    • There is a potential 50% downside for SpaceX stock due to rising losses and steep valuation.
    confidence 90%