Space Exploration Technologies Corp. Class A Common Stock (SPCX) vs Walmart Inc. (WMT)

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.

Founded in 1962, Walmart Inc. has grown into the world’s largest retailer, operating more than 10,700 stores worldwide, including about 4,600 Walmart locations in the United States and roughly 600 Sam’s Club warehouses, while continuing to expand its e-commerce business. The company serves around 270 million customers each week and generated over $680 billion in fiscal 2025 revenue. Walmart’s operations are organized into three reporting segments: Walmart U.S., which accounted for 68% of fiscal 2025 sales, Walmart International at 18%, and Sam’s Club at 14%. In the U.S., nearly 60% of Walmart’s $465 billion in fiscal 2025 revenue came from grocery sales, with about one-quarter generated by general merchandise. Internationally, the company’s business is primarily concentrated in Mexico, with additional emerging exposure to India.