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

Source: www.theguardian.com · Section: business-tech · Bias: Center-Left · Published: Tue, 16 Jun 2026 18:37:43 GMT

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup CursorSpaceX 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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The same story across the political spectrum (15 sources)

Center-Left: Musk's SpaceX overtakes Amazon to become world's fifth most valuable firm — www.bbc.com
Center-Left: Elon Musk’s unprecendented accumulation of wealth — www.theguardian.com
Center-Left: ‘A neoliberal nightmare’: my ride on the Vegas Loop – Elon Musk’s answer to traffic jams — www.theguardian.com
Center-Left: Here’s something London can be envious of: when New York parties, it really parties | Emma Brockes — www.theguardian.com
Right: 'A murder every 7 to 10 days': South African farmer tells Glenn Beck the horrors white farmers are facing — www.theblaze.com

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