SpaceX overtakes Amazon to become world’s fifth most valuable company
by Dan Milmo Global technology editor from Technology | The Guardian on (#76BK5)
Elon Musk's firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor
SpaceX has overtaken Amazon to become the world's fifth most valuable company days after its stock market debut.
The milestone came as Elon Musk's company agreed to buy the startup behind the AI-powered coding app Cursor for $60bn (44bn), in an attempt to capitalise on the technology's success as a coding tool.
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