On June 16, 2026, Space Exploration Technologies (SpaceX) reached an intraday market cap peak of $2.97 trillion, briefly surpassing Amazon’s market cap of $2.96 trillion. SpaceX stock peaked at $225.29 per share, with 13.17 billion fully diluted shares outstanding. However, as of June 18, 2026, Amazon rebounded to a market cap of $2.62 trillion while SpaceX dropped to $2.36 trillion.
In its latest financial analysis, SpaceX reported a net loss of $8.69 billion against revenues of $19.3 billion for the past year due to ongoing operational costs related to rocket launches and AI developments after merging with xAI. This performance contrasts sharply with Amazon’s $723 billion revenue and $90.8 billion net income during the same period.
Currently, SpaceX is trading at a price-to-sales ratio of 125x, significantly higher than Nvidia’s 20x, raising concerns over its valuation amidst a competitive market.
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