Here’s Why SpaceX Stock Suddenly Took A Dive
Forbes · 2 min read · business
SpaceX acquired AI coding startup Cursor for $60 billion in stock on Tuesday, triggering a selloff that erased $620 billion in market value by Thursday. Shares fell 6% Thursday and 20% since Tuesday's peak, with Morningstar lowering its fair-value estimate citing "sizable dilution." Oppenheimer analyst Timothy Horan defended the deal, projecting shares could reach $250 by year-end.
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