Could SpaceX Be More Valuable Than Amazon and Microsoft? Here's What Price Its Stock Would Need to Hit for That to Happen
Written by David Jagielski for The Motley Fool -> SpaceX's stock has been soaring in its first couple of days on the open market. It's already among the most valuable companies in the world and is within striking distance of tech giants Amazon and Microsoft. Its sky-high valua
SpaceX's stock has been soaring in its first couple of days on the open market.
It's already among the most valuable companies in the world and is within striking distance of tech giants Amazon and Microsoft.
Its sky-high valuation, however, isn't backed by strong fundamentals.
At over $2.5 trillion in market cap, SpaceX (NASDAQ: SPCX) is already one of the most valuable companies in the world right now. It's more highly valued than blue chip companies such as Coca-Cola , JPMorgan , and McDonald's , which, unlike SpaceX, are highly profitable businesses.
Given the excitement around the stock and its already high valuation, it may be entirely possible that in the very near future it eclipses tech giants Amazon and Microsoft as well. Here's how high it might need to rise to get to that level.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
On its first day of trading, SpaceX stock jumped more than 19% on Friday. On Monday, it was up by nearly 20%, pushing its market cap to more than $2.5 trillion.
It's an astonishing valuation when you consider that it's not far from Amazon and Microsoft, massive tech companies, whose market caps are $2.6 trillion and $3 trillion, respectively. They are beasts in the tech sector and are highly profitable. SpaceX isn't anywhere close to them in terms of revenue, and it is incurring billions in losses.
