Jeff Bezos' space company is under pressure after a devastating New Glenn rocket explosion, while Elon Musk's SpaceX strengthens its dominance with a blockbuster IPO, frequent launches and ambitious satellite projects.
For decades, the world's most valuable companies built their fortunes by selling products used daily by billions of people—smartphones, software, computers, online advertising, or e-commerce services. SpaceX sells none of these. Yet investors have assigned the company a staggering valuation of more than $2 trillion, making it one of the most valuable businesses in the world.
