SpaceX shares drop 3% to $137.52 after closing $60 billion Cursor acquisition
SpaceX shares fell 3% to $137.52 in early Friday trading after the company completed its $60 billion acquisition of Cursor. The deal added roughly 29.1 million restricted stock units and 44.4 million Cursor stock options to SpaceX’s equity structure. A US SEC filing shows that, based on Cursor’s implied $60 billion equity value, about 319 million shares could become available on August 20. The stock ended Thursday down about 3% at $141.29, still above its $135 IPO price but about 30% below its June 16 closing high of $201.80.