SpaceX stock drops after $60 billion Cursor acquisition following historic IPO
By
Anna Iovine
Summary
SpaceX's stock price experienced volatility following its historic IPO on June 12, which made Elon Musk a trillionaire. The stock initially priced at $135, surged to over $170 on the same day, and hit a high above $225 by June 16. However, the price dropped after SpaceX announced a $60 billion acquisition of Cursor (an AI coding agent from startup Anysphere), with losses continuing for several consecutive days.
Source
bskySpaceX stock drops after $60 billion Cursor acquisition following historic IPOmashable.comKey quotes
· 3 pulledThe initial price was $135, and reached over $170 the same day, Mashable reported.
By Tuesday, June 16, it hit a high above $225, according to Forbes, but some of those gains were lost by Wednesday.
The $60 billion deal between SpaceX and Anysphere, the startup behind Cursor, was announced on Tuesday.
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