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SpaceX Surpassed Broadcom, Meta Platforms, and Tesla in Market Cap on Its IPO Day. Can It Take on Amazon's Market Cap Next?

The Motley Fool·
SpaceX Surpassed Broadcom, Meta Platforms, and Tesla in Market Cap on Its IPO Day. Can It Take on Amazon's Market Cap Next?

SpaceX went public on June 12 at a $1.77 trillion valuation and reached $2.40 trillion market cap, becoming the world's sixth-most-valuable company. However, the article argues SpaceX is significantly overvalued with a price-to-sales ratio of 128x and ongoing losses, while Amazon remains more fairly valued at 3x sales with consistent profitability and strong growth prospects.

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