<p><strong>Space Exploration Technologies</strong> <span class="ticker-mention inline-flex items-center font-bold">(SPCX <span class="ml-1 text-red-900">3.44%</span>)</span> -- or SpaceX -- has rocketed higher since its debut, closing in on a $3 trillion market capitalization. But let's be real: The stock is largely being pushed higher by its low float. The reality is that this company generated under $19 billion in revenue last year, and grew its sales by only 15% in the first quarter.</p>
<p>Elon Musk has predicted $1 trillion in revenue by 2030, but he has a long history of overly optimistic forecasts, and the chances of the company coming anywhere close to that number are slim. There are major technical hurdles that need to be overcome to have data centers in space, and no one can be certain this is a good business (it certainly would be heavy on capital expenditures), let alone one that is right around the corner.</p>
<p>Against that backdrop, let's look at three trillion-dollar stocks that look like better buys.</p>
<div><img alt="Rocket in space." width="880" height="440" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4NjEvZ2V0dHlpbWFnZXMtMTMyODI4MzQzOS5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4NjEvZ2V0dHlpbWFnZXMtMTMyODI4MzQzOS5qcGcmdz0zODQw"/>
<p>Image source: Getty Images.</p>
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<h2>Nvidia</h2>
<p>While SpaceX's valuation is based on moonshot bets, <strong>Nvidia</strong> <span class="ticker-mention inline-flex items-center font-bold">(NVDA <span class="ml-1 text-green-900">+3.08%</span>)</span> is the dominant player in artificial intelligence (AI) infrastructure. It trades at a forward price-to-earnings ratio (P/E) of just 16 and grew its revenue by an 85% in the first quarter to $81.6 billion.</p><div><div id="foolcom_sidebar_top_container"><div><div><div></div><div></div><div></div></div></div><div></div></div></div>
<p>Its adjusted quarterly profits of $45.5 billion were nearly 2.5 times SpaceX's 2025 revenue. These are two companies that should not be in the same orbit. </p><div></div>
<p>Nvidia maintains a wide moat in AI model training with its graphics processing units (GPUs) due largely to its CUDA software platform, which is where most foundational AI has been written. However, it also has a world-class networking portfolio, and its deal with Groq positions it well for the AI inference market. It also has a big opportunity in agentic AI with its central processing units.</p><div><div id="in_line_article_pitch_container"><div><div><div><div></div></div><div><div></div><div></div><div></div></div></div></div><div></div></div></div>
<p>Overall, Nvidia is a top AI stock and one deserving of its current market cap. It should have plenty of upside, given its valuation and growth prospects.</p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Nvidia Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4"/></div><div><h2>NASDAQ: NVDA</h2><div>Nvidia</div></div></div><div><div><div>Today's Change</div><div>(3.08%) $6.30</div><div>Current Price</div><div>$210.95</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$5.1T</div><div>Day's Range</div><div>$206.50 - $211.38</div><div>52wk Range</div><div>$142.03 - $236.54</div><div>Volume</div><div>5.1M</div><div>Avg Vol</div><div>164.2M</div><div>Gross Margin</div><div>74.15%</div><div>Dividend Yield</div><div>0.13%</div></div></div></div></section>
<h2>Apple</h2>
<p><strong>Apple</strong> <span class="ticker-mention inline-flex items-center font-bold">(AAPL <span class="ml-1 text-green-900">+0.86%</span>)</span> may not be as exciting and innovative as it has been in the past during the days of Steve Jobs, but one thing is certain: It has one of the most proven business models. That should be worth much more than an unproven business model in outer space.</p>
<p>The company's strength lies in its closed-wall ecosystem. Apple has managed to become a luxury electronics brand whose products work seamlessly with one another, allowing it to capture the high end of the smartphone market.</p>
<p>These devices have pretty predictable replacement cycles, helping create a steady stream of hardware revenue. However, the beauty of the business is that once consumers buy an iPhone, they are typically locked into its system, as it becomes difficult to switch with each photo, app purchase, and subscription bought. </p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Apple Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FBUEwucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FBUEwucG5nJnc9MTI4"/></div><div><h2>NASDAQ: AAPL</h2><div>Apple</div></div></div><div><div><div>Today's Change</div><div>(0.86%) $2.54</div><div>Current Price</div><div>$298.49</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$4.4T</div><div>Day's Range</div><div>$295.63 - $300.54</div><div>52wk Range</div><div>$196.85 - $317.40</div><div>Volume</div><div>1.7M</div><div>Avg Vol</div><div>47.7M</div><div>Gross Margin</div><div>47.86%</div><div>Dividend Yield</div><div>0.35%</div></div></div></div></section>
<p>This, in turn, feeds into its high-margin service business. It includes things like getting a percentage of the revenue from apps sold through its App Store, selling cloud storage, revenue sharing with <strong>Alphabet</strong>'s Google Search, and getting a small cut every time someone uses Apple Pay. This makes it one of the best-compounding businesses out there and is why the company is so valuable.</p>
<h2>Amazon</h2>
<p>While Musk has suggested SpaceX could hit $1 trillion in revenue in 2030, <strong>Amazon</strong> <span class="ticker-mention inline-flex items-center font-bold">(AMZN <span class="ml-1 text-green-900">+3.01%</span>)</span> is actually projected to reach this figure in 2028 and $1.3 trillion in revenue by 2030. Given that it generated $717 billion in revenue last year versus under $19 billion for SpaceX, its projections are much more realistic. Analysts, for their part, expect SpaceX to reach only $226 billion in revenue by 2030, and even that could be ambitious. </p>
<p>Amazon, meanwhile, is the market leader in e-commerce and cloud computing. While Musk is pursuing the robotics industry through <strong>Tesla</strong>, Amazon is the world's leading manufacturer and operator of robots, with more than 1 million in its fulfillment centers. This is helping drive down costs and create efficiencies, leading to strong operating leverage in its e-commerce business. </p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Amazon Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4"/></div><div><h2>NASDAQ: AMZN</h2><div>Amazon</div></div></div><div><div><div>Today's Change</div><div>(3.01%) $7.15</div><div>Current Price</div><div>$244.65</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$2.6T</div><div>Day's Range</div><div>$236.06 - $245.72</div><div>52wk Range</div><div>$196.00 - $278.56</div><div>Volume</div><div>2.1M</div><div>Avg Vol</div><div>45.1M</div><div>Gross Margin</div><div>50.60%</div></div></div></div></section>
<p>And while SpaceX is trying to become a leading AI company, Amazon already is one. Its Amazon Web Services is seeing accelerating revenue growth, and its custom chip business gives it a cost edge. The company also has its own space ambitions, looking to challenge SpaceX's Starlink satellite internet service with its own offerings, while the acquisition of Globalstar gave it important spectrum and direct-to-device capabilities. </p>
<p>Amazon is a great company with two proven and growing businesses and one that should be worth much more than SpaceX's moonshot bets, in my view.</p><div id="article_pitch_container"><div><div><div></div><div></div><div></div><div></div><div></div><div></div><div></div></div></div><div></div></div><div id="promobox_container"><div><div><div></div><div></div><div></div><div></div></div></div><div></div></div>

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<p>The article argues that Nvidia, Apple, and Amazon are superior trillion-dollar investment opportunities compared to SpaceX. It critiques SpaceX's high valuation based on speculative moonshot bets and optimistic revenue forecasts, citing low current revenue and technical hurdles. In contrast, it highlights Nvidia's dominance in AI infrastructure with strong growth and reasonable valuation, Apple's proven ecosystem and high-margin services, and Amazon's realistic revenue projections, leadership in e-commerce and cloud computing, and existing robotics and space capabilities.</p>

- SpaceX's stock has surged near a $3 trillion market cap despite generating under $19 billion in revenue last year, raising doubts about its lofty projections.  
- In contrast, companies like Nvidia, Apple, and Amazon are highlighted as better investments, with Nvidia leading in AI infrastructure and showing robust financials.  
- Analysts project Amazon to reach $1 trillion in revenue by 2028, showcasing its established dominance in e-commerce and cloud computing, making it a more reliable choice than SpaceX.

3 Better Trillion-Dollar Stocks to Buy Instead of SpaceX