SpaceX Falls to $185 After $60 Billion Cursor Deal, Still Above $135 IPO Price
Updated
Updated · Mashable · Jun 19
SpaceX Falls to $185 After $60 Billion Cursor Deal, Still Above $135 IPO Price
3 articles · Updated · Mashable · Jun 19
Summary
$185 marked SpaceX's share price on June 19 after back-to-back declines following its $60 billion acquisition announcement for Cursor maker Anysphere.
5% was wiped off the stock on Wednesday and another 3.75% on Thursday, reversing part of a rally that had lifted shares above $225 by June 16.
Morningstar said the stock is wildly overvalued, putting fair value at $62 a share and even its best-case estimate at $169 — below the current price.
Oppenheimer took the opposite view, raising its target to $250 and arguing Cursor strengthens SpaceX's control of the AI stack.
The pullback has trimmed gains from the June 12 IPO, but the stock still sits well above its $135 debut level and above the roughly $138 threshold that keeps Elon Musk a trillionaire.