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SpaceX Could Soon Run Into a $2.7 Trillion Roadblock Named Amazon [Yahoo! Finance]
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The space technology company founded by Elon Musk is preparing for a valuation in the ballpark of $2 trillion, which would make it by far the highest-valued IPO stock ever. The biggest reason for SpaceX's expected astronomical market cap is its Starlink satellite internet service. Starlink generated revenue of $15 billion to $16 billion with profits of around $8 billion last year, according to Reuters. Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue » But the seemingly easy money for Starlink may be only temporary. SpaceX could soon run into a $2.7 trillion roadblock named Amazon (NASDAQ: AMZN) Image source: Getty Images. Amazon enters the space race Amazon announced in 2019 plans to deploy a large constellation of satellites to offer broadband internet service worldwide. The company launched its first satell
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- SpaceX Could Soon Run Into a $2.7 Trillion Roadblock Named Amazon [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
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- 4/14/26 - Form 144
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