Amazon Could Be Worth More Than Tesla and SpaceX Combined by 2030. Here's the Math.
Three of the country's most valuable companies should be worth even more in four years.
Overview
Right now, it may not seem0 like a fair fight. In one corner, you have Amazon (NASDAQ: AMZN), currently the market's fifth most valuable company, weighing in with a market cap of $2.8 tiillion. In the other corner, you have Tesla (NASDAQ: TSLA) and recent IPO Space Exploration Technologies (NASDAQ: SPCX). They're slightly smaller than Amazon, but when the two Elon Musk companies are combined, they add up to a market cap of $3.3 trillion.
If we use enterprise value rather than market cap, accounting for each side's net debt position, the valuation gap narrows slightly. Amazon, at $2.9 trillion, still falls short of Tesla and SpaceX, at $3.2 trillion. The math is likely to be easier by 2030, with many market pros expecting Tesla and SpaceX to merge into a single entity well before then. But I believe that e-commerce pioneer Amazon will be worth more than even a pairing of Tesla and SpaceX by 2030.
Details
Agree? Disagree? Hear me out.
Source
Originally published at www.fool.com.