Key Points
Since its initial public offering on June 12, 2026, Space Exploration Technologies (NASDAQ: SPCX), known as SpaceX, has achieved a market capitalization positioning it among the top 10 largest companies on U.S. stock exchanges. Notably, SpaceX’s market cap has been consistently greater than that of Micron Technologies (NASDAQ: MU) and Advanced Micro Devices (NASDAQ: AMD) combined.
SpaceX reported $18.7 billion in revenue for the prior year, up 33% year-over-year, although Q1 2026 revenue increased only 15% to $4.7 billion. In contrast, Micron’s revenue surged 75% to $23.9 billion, and AMD’s Q1 revenue rose 38% to around $10.3 billion. Furthermore, SpaceX incurred a net loss of $4.3 billion, a stark contrast to the profits posted by both Micron and AMD.
SpaceX claims a total addressable market of $28.5 trillion, significantly higher than that of Micron and AMD. However, current revenue figures and profitability suggest that, at this time, Micron and AMD may be the more prudent investment choices.
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