$SPCX being worth more than $AMZN is mind-blowing


The market cap requires context, though
Only 4.8% of $SPCX’s $2.75T market cap is tradable float. The rest are locked shares that will partly be freed over the next 18 months
In Amazon’s case, the tradable float is around 90% of its current market cap
What this means, in simple terms, is that many dollars are chasing very few shares, which pumps the market cap to "artificial" levels
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-e52d7072
· 1h ago
Ape In 🚀
Reply1
  • Pinned