SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision | Fortune

Fortune compares Amazon and SpaceX as “tech doppelgängers” valued at roughly $4.5 trillion collectively, highlighting striking parallels in business scope despite very different profitability. Jeff Bezos took Amazon public in 1997 at $18 per share, which later fell 90% after the dot-com crash before rising to a $2.6 trillion conglomerate with $77.7 billion revenue last year. SpaceX, founded by Elon Musk, reportedly lost $4.9 billion last year and went public in June at $135 per share, quickly reaching a $2 trillion valuation. The article says both companies sell satellite-beamed high-speed internet, operate in cloud and AI infrastructure, and run large advertising platforms. It cites Amazon’s Trainium and Graviton revenue run rate above $20 billion in Q1 and SpaceX’s “Terafab” chip effort targeting one terawatt of compute hardware yearly. Valuation multiples cited show Amazon at about 3.6 times last year’s sales and 28 times forward earnings, versus SpaceX around 97 times sales.