Recent sell-off follows $60 billion all-stock acquisition announcement, raising dilution concerns among investors.
SpaceX (NASDAQ: SPCX) shares fell 16% on Monday, marking their steepest decline since the company’s June 12 IPO. The drop extends a three-day losing streak, with no fundamental changes to the business itself.
The sell-off follows last week’s announcement of a $60 billion all-stock deal to acquire AI coding platform Cursor. Analysts cited dilution risks as a key factor, with shares dropping 5% after the news broke on June 17. SpaceX remains the world’s seventh-most valuable company, with revenue streams from space launches, Starlink broadband, and AI services.
No immediate market reaction details were provided, but the decline reflects investor unease over share issuance.