SpaceX worth more than Amazon just days after historic IPO
SpaceX has overtaken Amazon in market value following a sharp rise in its share price after last week's record-breaking initial public offering (IPO), Qazinform News Agency reports.
Shares of the aerospace company continued to climb this week as investor enthusiasm remained strong. The rally pushed SpaceX's valuation above that of Amazon, making it one of the world's most valuable companies.
However, the rapid surge has also fueled concerns among analysts about a potential market bubble. According to market data, SpaceX is trading at a price-to-sales ratio of nearly 150, compared with less than 4 for Amazon.
The contrast is particularly striking given the companies' financial performance. SpaceX generated $18.7 billion in revenue last year and reported a net loss of $4.9 billion, while Amazon recorded $717 billion in revenue and earned $77 billion in profit.
The disparity has led some market observers to compare the company's meteoric rise to the meme stock phenomenon that drove speculative trading in recent years.
Earlier, Qazinform News Agency reported that SpaceX had completed the largest IPO in history, raising approximately $85.7 billion.
