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From the post:

>SpaceX faces a significant pullback post-IPO, with shares down over 25% from their recent peak. Meanwhile, the company secured a $6.3 billion computing contract with AI startup Reflection, further expanding its infrastructure capabilities.

Archive: (broken) From the post: >>SpaceX faces a significant pullback post-IPO, with shares down over 25% from their recent peak. Meanwhile, the company secured a $6.3 billion computing contract with AI startup Reflection, further expanding its infrastructure capabilities.
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[–] • 3 pts

According to (((analysts))) it's due to SpaceX announcing their plan on buying Cursor AI for 60 billions a few days after the IPO.

SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock.