SpaceX Sheds $620 Billion in Two Days as SPCX Slides After Anysphere Deal

SpaceX (SPCX) has lost about $620 billion in market value in two days, with shares down 18% from their post-IPO peak and nearing the average buyer’s cost basis. According to BeInCrypto, the stock closed Thursday at $184.98, down 3.6%, while its five-day volume-weighted average price was $181.71 after Tuesday’s intraday high above $225. SpaceX’s valuation fell from nearly $3 trillion to $2.37 trillion after its June 16 plan to buy Anysphere, maker of AI coding tool Cursor, for $60 billion in an all-stock deal, implying about 3.4% dilution.