New Delhi, June 16 -- SpaceX crossed a landmark threshold on Tuesday, overtaking Amazon in market capitalisation as its post-IPO share price continued an ascent that has already redrawn the rankings of the world's most valuable companies. The milestone arrived alongside the company's announcement of a $60 billion acquisition of Cursor, a widely used artificial intelligence coding tool, extending what has already been one of the most consequential opening weeks in recent stock market history.

SpaceX shares rose approximately 8% on Tuesday, bringing the company's market capitalisation to roughly $2.74 trillion in early morning trading. Amazon was valued at approximately $2.65 trillion at the same point, placing SpaceX ahead of the e-commer...