Why is SpaceX Stock Price Falling After the $60 Billion Cursor Acquisition?
Key Insights:
- SpaceX stock price fell 3% after the company completed its $60 billion Cursor acquisition.
- Cursor shareholders gained rights to receive 389,289,254 SpaceX Class A shares.
- SpaceX assumed about 29.1 million RSUs and 44.4 million Cursor stock options.
SpaceX stock price fell 3% to $137.52 in early Friday trading after the company completed its $60 billion Cursor acquisition. The decline extended Thursday’s losses as investors also approached a large share unlock scheduled for August 20.
Meanwhile, the transaction added millions of SpaceX shares, restricted stock units, and options to the company’s equity structure.
SpaceX Stock Price Extends Thursday’s Decline
The SpaceX stock price closed around 3% lower at $141.29 on Thursday. However, that level remained slightly above the company’s $135 initial public offering price.
Friday’s early decline brought the SPCX stock price closer to its IPO level. Shares also traded about 30% below their June 16 closing high of $201.80.
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