SpaceX overtakes Amazon to become world’s fifth most valuable company

"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. Continue reading..."

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This report is based on coverage originally published by The Guardian.

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