SpaceX, the freshly-IPO’d company that barely has been on the public markets for three days, has already surpassed 31-year-old Amazon in market cap. Not only that, it briefly overtook Microsoft too on Tuesday morning.
This is a major pull for a company that earned less than a quarter of what Amazon raked in. Last year, SpaceX took in $18.7 billion in revenue and lost $4.9 billion, while Amazon took in $717 billion and earned $77.7 billion—more profit than SpaceX has made in sales.
