SpaceX Briefly Surpasses Amazon's Market Cap
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Source: NASDAQ.COM
- Market Cap Peak: On June 16, SpaceX's stock hit $225.29 per share, briefly reaching a market cap of $2.97 trillion, surpassing Amazon's $2.96 trillion, but subsequently fell to $2.36 trillion, indicating significant market volatility.
- Financial Performance: Over the past year, SpaceX generated $19.3 billion in revenue but incurred a net loss of $8.69 billion, highlighting financial pressures amid rapid expansion, particularly following its merger with xAI, which significantly increased operational costs.
- Valuation Comparison: With a price-to-sales ratio of 125x, SpaceX's stock is considerably more expensive than Nvidia's 20x, suggesting that its lofty valuation may face adjustments in the coming years, prompting investors to carefully assess its long-term investment potential.
- Market Competition: Despite SpaceX's impressive short-term performance, analysts warn of fierce competition from established companies like Amazon, particularly in technology and market share, necessitating close attention to its ongoing market positioning and innovation capabilities.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 237.500
Low
175.00
Averages
280.01
High
325.00
Current: 237.500
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Strong Market Performance: As of June 18, SpaceX's market cap reached $2.5 trillion, briefly surpassing Amazon to become the fifth-most-valuable company globally, with shares hovering around $200, leaving investors eager to see how the stock performs as initial excitement wanes.
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See More
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See More
