SpaceX Passes Amazon in Market Value as AI Infrastructure Bets Surge
SpaceX’s valuation has moved faster than its enterprise roadmap. The company briefly passed Amazon in market value on June 16, 2026, after a post-IPO rally pushed investors toward a sweeping bet on launch services, Starlink, defense work, and AI infrastructure. For enterprise technology buyers, the immediate case still rests on products they can evaluate today: connectivity, launch capacity, contracts, service terms, and vendor concentration risk. Why investors are pricing SpaceX like an AI infrastructure company SpaceX’s record IPO bundled several businesses into one market story: launch services, satellite broadband, defense work, and AI infrastructure. The company priced its IPO at $135 per share, raising $75 billion before beginning Nasdaq trading under the ticker SPCX on June 12. By June 16, SpaceX had briefly surpassed Amazon in market capitalization. Amazon generated $78 billion in net income on $717 billion in revenue in 2025. SpaceX, by comparison, reported a roughly $4.9 billion net loss on $18.7 billion in revenue. SpaceX is being valued less like an aerospace company than an AI infrastructure platform. Investors are pricing it …









