SpaceX Tops Amazon by $300 Billion as Jassy Sparks AI Model Ban
AMZN•SpaceX’s market capitalization jumped to nearly $3 trillion, about $300 billion above Amazon’s valuation, making it the fourth largest public company. Separately, Amazon CEO Andy Jassy’s security concerns over Anthropic’s AI models prompted a federal export directive halting Fable 5 and Mythos 5 access days after launch.
1. SpaceX Surpasses Amazon in Market Value
SpaceX shares climbed by up to 17% after its IPO, driving its market capitalization to nearly $3 trillion, roughly $300 billion more than Amazon's valuation. This made SpaceX the fourth largest publicly traded firm, intensifying competition for growth-oriented investors.
2. Jassy Flags AI Model Risks
Amazon CEO Andy Jassy raised concerns about Anthropic’s Fable 5 and Mythos 5 models, highlighting risks of bypassing guardrails. This feedback led the federal government to issue an export control directive that restricts and suspends access to the AI systems days after their June 9 launch.
3. Implications for Amazon’s Strategy
The shift in valuation rankings and the federal intervention in Anthropic’s technology underscore challenges for Amazon’s cloud and AI ambitions. Investors will watch for how Amazon balances security concerns with innovation amid intensifying rivalry in the AI sector.
