$SPCX 🔥 🔥 🔥
Market cap dropped to #SpaceX , losing over $550 billion from all-time highs.
Shares of #SpaceX (SPCX) have tanked about 18% in just two trading days, with the company's market cap shrinking by more than $550 billion. As a result, the company has slipped from fourth to sixth place among the largest public companies globally.
On June 18, shares of #SpaceX fell by 3.56% to $185 per share, continuing the downward trend from the previous day, when prices dropped nearly 5%. Compared to the historical high of over $225 hit on June 16, shares have plummeted 18%. Consequently, the company's market value decreased from $2.99 trillion to $2.44 trillion.
As reported by #Forbes , the sell-off was triggered by the announcement of #SpaceX 's acquisition of AI startup Cursor for $60 billion. Analysts estimate that the deal will dilute existing shareholders' stakes by approximately 3.4%, based on the company's IPO valuation of $1.77 trillion.
$FET
$SPCXB
Market cap dropped to #SpaceX , losing over $550 billion from all-time highs.
Shares of #SpaceX (SPCX) have tanked about 18% in just two trading days, with the company's market cap shrinking by more than $550 billion. As a result, the company has slipped from fourth to sixth place among the largest public companies globally.
On June 18, shares of #SpaceX fell by 3.56% to $185 per share, continuing the downward trend from the previous day, when prices dropped nearly 5%. Compared to the historical high of over $225 hit on June 16, shares have plummeted 18%. Consequently, the company's market value decreased from $2.99 trillion to $2.44 trillion.
As reported by #Forbes , the sell-off was triggered by the announcement of #SpaceX 's acquisition of AI startup Cursor for $60 billion. Analysts estimate that the deal will dilute existing shareholders' stakes by approximately 3.4%, based on the company's IPO valuation of $1.77 trillion.
$FET
$SPCXB