Amazon Could Be Worth More Than Tesla and SpaceX Combined by 2030. Here's the Math.

While Tesla and SpaceX currently have a combined market cap exceeding Amazon's $2.8 trillion valuation, analyst Rick Munarriz argues Amazon will surpass their combined worth by 2030. Amazon's superior profitability, double-digit net margins, and reliable growth trajectory outweigh Tesla and SpaceX's faster growth rates. By 2030, Amazon is projected to generate $215 billion in net income on $1.38 trillion in revenue, compared to Tesla and SpaceX's combined $151 billion in net income on $636 billion in revenue.