🚨 $SPCX JUST WIPED OUT $620 BILLION IN 2 DAYS! 📉😱

SpaceX ($SPCX) is facing heavy profit-taking pressure after losing nearly $620B in market value, with shares now down 18% from their post-IPO peak. The stock closed at $184.98, slipping closer to the average buyer cost basis around $181.71, a key level traders are watching closely. 👀

The selloff accelerated after SpaceX announced its planned $60B all-stock acquisition of Cursor maker Anysphere, raising concerns about shareholder dilution of roughly 3.4%. While the long-term AI narrative remains strong 🤖🚀, the market is reacting cautiously to the deal size and valuation impact. Bulls need to defend the $180 zone, otherwise a deeper correction could follow before the next leg higher. ⚠️📊