SpaceX Jumps 4%, Passes Amazon in Market Cap Valuation
SpaceX surged 4% to overtake Amazon by market cap, falling just short of Microsoft, as Musk eyes $1T revenue by 2030.
SpaceX just made a massive move. The rocket company jumped 4% in valuation, leapfrogging Amazon in market cap and landing just a breath away from Microsoft. That's not a typo — Elon Musk's space venture is now rubbing shoulders with the biggest names in American business.
Musk threw fuel on the fire Sunday, telling followers the company "might be able to reach approximately" $1 trillion in annual revenue by 2030. That's an audacious target, but SpaceX has made a habit of hitting audacious targets. Starlink alone is reshaping global internet access while the Starship program keeps redefining what's possible in aerospace.
Read more Novig Scores CFTC Approval for Peer-to-Peer Sports Markets →
For retail traders, this move matters even if SpaceX stays private. The valuation surge signals where serious institutional money is placing its bets on the decade ahead. Space infrastructure, satellite internet, and reusable rockets are no longer moonshots — they're emerging asset classes.
Microsoft remains the immediate ceiling SpaceX couldn't quite crack in this latest run. But with a $1 trillion revenue goal on the table and a CEO who treats timelines as challenges rather than guardrails, don't bet against another leg up. The gap to Microsoft could close faster than most analysts expect.
Continue reading at US Top News and Analysis
