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SpaceX is $300 billion away from Amazon in market cap, James Van Straten notes
James Van Straten highlights that SpaceX is about $300 billion short of overtaking Amazon in market capitalization.
He adds that this milestone could be reached with SpaceX shares at $202, representing a 10% gain from the current level, and suggests it might happen before tomorrow's lunch.
Van Straten previously noted that SpaceX may follow the recent IPO pattern seen with Circle and CoreWeave, which posted early gains before retreating after debut. In a separate analysis, he pointed out that strong capital expenditure trends have made a near-term recession unlikely despite expectations for a Federal Reserve rate hike this year. These observations frame his latest comments on SpaceX’s potential valuation milestone.
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