SpaceX stock hits all-time low of $115

SpaceX shares fell to an all-time low of about $115, down nearly 50% from their post-IPO peak of $225 and wiping out more than $1.1 trillion in market value. The slide follows the company's acquisition of AI coding agent Cursor for $60 billion and a Triple-C ESG rating from MSCI. A Starship launch attempt was scrubbed after engine failures.