SpaceX shares fall 16% post-IPO, pressuring the all-stock Anysphere deal

Category: Markets
Status: developing
Sources: Yahoo Finance, FT, discussion
Summary: SpaceX (Nasdaq SPCX) fell 16.4% on 2026-06-22 to close at $154.60, erasing most of its post-IPO rally; the stock peaked near $225 intraday last week and remains above the $135 IPO price (about +14%). Reporting ties the selloff to SpaceX filing for its first bond sale, which Bloomberg said is in the $20 billion range and would repay a bridge loan. SpaceX's pending acquisition of Anysphere (maker of Cursor) is all-stock, with Anysphere shares converting into SpaceX Class A stock priced on a seven-day VWAP before close, so a sustained SPCX decline lowers the implied value Anysphere holders receive.
Why it matters: The acquirer's share-price swing directly changes the value of the Cursor deal for Anysphere shareholders, a developer-tools ownership event this digest tracks.
Follow-up: Watch the VWAP window around the Q3 2026 close and whether SPCX volatility changes deal terms or Cursor's roadmap.