Costco Wholesale Corporation (COST) vs Space Exploration Technologies Corp. Class A Common Stock (SPCX)

Founded in 1983, Costco Wholesale Corp operates a global network of membership-only warehouse clubs focused on offering high-quality products and services at consistently low prices. In its latest fiscal year, the company ran approximately 910 warehouses and served more than 80 million members across three geographic segments: Costco U.S., which generated about 73% of total revenue, Costco Canada at 13%, and Costco International at 14%. Costco’s core value proposition—quality merchandise at highly competitive prices—has supported strong membership renewal rates, reaching 93% in the U.S. and Canada and nearly 90% internationally. Roughly 55% of fiscal 2025 revenue came from grocery sales, while general merchandise contributed another 25%.

Space Exploration Technologies Corp., known as SpaceX, is an aerospace and satellite communications company founded by Elon Musk. The company designs, manufactures and launches reusable rockets and spacecraft, including the Falcon launch family, Dragon spacecraft and the Starship system under development. SpaceX also operates Starlink, a low Earth orbit satellite broadband network serving consumers, businesses, governments and mobility markets. Its business model combines launch services, satellite internet, defense and civil space contracts, and longer-term ambitions around fully reusable heavy-lift space transportation.