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The Nexus
BUSINESSJun 16 · 22:43 UTCSEMAFORTom Chivers

SpaceX overtakes Amazon in value, raising concerns of a bubble

SpaceX's valuation surpassed Amazon's as its shares rose following a record-breaking IPO, despite concerns over a potential bubble. The company's price-to-sales ratio is 150 compared to Amazon's under four, and SpaceX reported a $4.9 billion loss versus Amazon's $77 billion profit. SpaceX also announced a $60 billion deal to acquire Cursor and is building data centers in Tennessee.

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