SpaceX’s market cap has surged to $2.642 trillion, closing the gap with Amazon’s $2.646 trillion valuation and making them nearly equal in size. Amazon trades at roughly 3x projected 2026 sales, a far lower multiple than SpaceX’s 78x, underlining Amazon’s more balanced growth-to-valuation profile.
SpaceX’s post-IPO rally has driven its market capitalization to $2.642 trillion, narrowing the gap with Amazon’s $2.646 trillion valuation and positioning SpaceX as the second-largest U.S. public company.
Amazon’s shares trade at about 3x projected 2026 sales, significantly lower than SpaceX’s 78x multiple, reflecting a more moderate valuation relative to its revenue growth prospects.
Amazon generated over $350 billion in revenue in 2025, more than 19 times SpaceX’s $18.7 billion, highlighting the scale advantage Amazon maintains despite similar market caps.
Investors may reassess Amazon’s valuation in light of SpaceX’s rapid ascent, potentially prompting shifts in sector weightings or valuation benchmarks as competition for the highest market caps intensifies.
