Following SpaceX’s IPO on June 12 — the biggest in history, which made Elon Musk a trillionaire — the stock price dipped just days later when the company announced the acquisition of AI coding agent Cursor.

The initial price was $135, and reached over $170 the same day, Mashable reported. By Tuesday, June 16, it hit a high above $225, according to Forbes, but some of those gains were lost by Wednesday.

The $60 billion deal between SpaceX and Anysphere, the startup behind Cursor, was announced on Tuesday. The next day, the price fell five percent, CNBC reported, and dropped another 3.75 percent on Thursday.