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The Guardian - UK
The Guardian - UK
Science
Dan Milmo Global technology editor

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

SpaceX staff and guests celebrate in front of a screen showing the SpaceX logo
SpaceX staff and guests celebrate the company’s IPO in New York on Friday. Photograph: Brendan McDermid/Reuters

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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