GeneralBearishBlockonomi · 4h ago6/10
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SpaceX Falls Sharply as Post-IPO Momentum Faces Fresh Pressure
SpaceX shares declined 18% from their post-IPO peak to $184.98, erasing approximately $620 billion in market value and reducing the company's valuation from $3 trillion to $2.37 trillion. The sharp two-day selloff followed SpaceX's announcement of a $60 billion all-stock acquisition of Anysphere, the developer of Cursor, which is expected to significantly dilute existing shareholders.
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