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International Business Times UK
International Business Times UK
Technology
Vinay Patel

Amazon Dethroned: SpaceX Is Worth More Than the Retail Giant Despite Generating Just a Fraction of Its Revenue

SpaceX Elon Musk Amazon Cursor Jeff Bezos Nvidia
In a historic reshuffling of the global tech hierarchy, Elon Musk’s SpaceX has eclipsed Amazon to become the world’s fifth-largest corporation (Credit: ChatGPT AI Generated)

Elon Musk's technology empire has surged into the top tier of global business after a blockbuster takeover sent the newly public company's valuation soaring past a major rival.

The deal marks a dramatic reshaping of the tech landscape, cementing the firm's position among the world's most valuable companies and underscoring investors' growing appetite for Musk's ambitions in AI and beyond.

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