Amazon's market cap rose by the amount SpaceX lost.

In less than six weeks, Amazon increased their market capitalization by the amount SpaceX lost. On June 16, the two companies had identical valuations, each valued at $2,65 trillion, but then swapped for $560 billion.

Yesterday, Amazon shares rose above $284, pushing the online retailer's market capitalization above $3 trillion for the first time. Only four publicly traded companies have previously reached this mark.

SpaceX, a company involved in rocketry, internet technologies and artificial intelligence, continues record the fall shares. Over the past month, they have lost 32% of their value.

Today market capitalization Amazon's $3,06 trillion market cap is more than double SpaceX's $1,44 trillion market cap.

Yahoo.finance data

Last week Amazon reported reported second-quarter net revenue of $200 billion and an impressive 43% increase in operating profit, primarily due to the rebate of customs duties and increased investment in Anthropic. A division of Amazon Web Services has shown the highest growth rate in the last 18 quarters.

The company reported adjusted earnings of $1,97 per share, beating Wall Street estimates of $1,82, on revenue of an impressive $200 billion versus expectations of $196 billion.

The company's shares jumped 15% the day after the report was released and rose again by about 5% on Monday, reaching another record high.

There are many reasons for optimism, and in the second half of the year and beyond, we have many interesting things in store for our clients, сказал CEO Andy Jassy.

Wall Street Raises Amazon Stock Price Targets: JPMorgan Analysts raised price target from $330 to $365, at Wells Fargo confirmed their "buy" recommendation and a target price of $328, while TD Cowen recommended buying the stock up to $350.