SpaceX (SPCX) stock has been falling for seven straight trading days. As of July 22, it was $115.26, a new low since listing—far below the $150 IPO issue price from its June 2026 launch. The immediate trigger for the accelerated selloff was SpaceX’s announcement that it would acquire the AI coding agent company Cursor for $60 billion; after the news broke, selling pressure noticeably intensified.
SPCX Stock’s Seven-Day Losing Streak
SpaceX’s downward trajectory is as follows: after the IPO, the stock surged to a historical high of $225 within just a few days, but then slipped into a sustained downtrend. As of July 21, 2026, it had fallen for seven consecutive trading days, to $120, marking a new low since listing—well below the $150 IPO issue price and also far below market expectations for post-IPO performance.
In terms of market value, calculated from the $225 peak, this round of decline has erased about $1 trillion in market cap for SpaceX. Musk briefly held the title of a trillionaire when SpaceX was near its high, but he has already lost that status with this selloff.
Key Factors Behind SpaceX’s Plunge: The $60 Billion Cursor Acquisition
Analysts say there are three main triggers for the accelerated decline in SPCX stock this round:
$60 Billion Acquisition of Cursor: SpaceX announced it would acquire the AI coding agent company Cursor for $60 billion; after the announcement, investors’ concerns about the acquisition valuation caused the share price to start dropping sharply.
MSCI Lowest ESG Rating: C: MSCI rated SpaceX with the lowest ESG rating of “C.” Investment institutions and funds typically use ESG ratings to screen targets to avoid problematic companies such as weapons manufacturers or polluters.
Cooling AI Investment Sentiment: Investors overall have begun to take a wait-and-see stance toward AI-related investments (not limited to SpaceX), creating broad industry-level pressure.
Delays for Starship’s 13th Launch and Follow-Up Plans
SpaceX’s flagship program, Starship, is at the core of the company’s business success. The 13th launch was originally scheduled for July 16 but was forced to be delayed due to engine issues. SpaceX plans to try launching again this Thursday. Notably, before its IPO, SpaceX had already merged its AI company xAI with its existing operations, and Musk said the move is intended to achieve its goal of building AI data centers in space.
SpaceX is still one of the largest companies by market cap in the United States, with a valuation in the trillions of USD. Musk recently posted on X warning: “Companies holding large short positions against SpaceX for the long term have a very low chance of survival.”
FAQ
What is SpaceX (SPCX) stock’s current trading price, and how does it compare with the IPO issue price?
As of July 21, 2026, SPCX is trading at $120, a new low since listing. It is far below the $150 IPO issue price and also far below the $225 historical high it briefly touched after the IPO. This selloff has caused SpaceX’s market cap to evaporate by about $1 trillion.
How much did SpaceX pay to acquire Cursor, and what impact does it have on the stock?
SpaceX announced it would acquire the AI coding agent company Cursor for $60 billion. After the news broke, the stock accelerated lower. Investors’ concerns about the acquisition valuation are one of the main factors triggering the sell pressure. MSCI’s lowest ESG rating of “C” and the broader cooling of AI investment sentiment also weighed on the stock at the same time.
What is the latest plan for Starship’s 13th launch?
Starship’s 13th launch was originally set for July 16 but was delayed due to engine issues. SpaceX plans to attempt again this Thursday. Starship is SpaceX’s flagship reusable rocket and the core of the company’s long-term business success.
