India, June 16 -- SpaceX has overtaken Microsoft to become the fourth-largest company in the United States by market capitalization after its shares surged nearly 8 percent. The Elon Musk-led company also announced a $60 billion all-stock acquisition of AI coding platform Cursor, strengthening its position in the rapidly expanding artificial intelligence sector. Key Highlights SpaceX surpassed Microsoft to become the fourth-largest US company by market value. The company's valuation reached approximately $2.74 trillion after an 8% stock surge. SpaceX announced a $60 billion acquisition of AI coding startup Cursor. The deal significantly expands SpaceX's artificial intelligence capabilities. SpaceX continued its remarkable post-listing ra...