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Story summary
- SpaceX shares fell over 6% to $179 on Thursday, June 18, 2026, after a $60 billion all-stock deal for AI startup Cursor.
- The decline erased $620 billion of market value, cutting valuation to $2.37 trillion.
- SpaceX said the Cursor deal dilutes its $1.77 trillion IPO valuation by 3.4%.
- Forbes reported the drop cut Elon Musk’s net worth by $67.8 billion to about $1.2 trillion.
