SpaceX priced its initial public offering at $135 per share in June, in what was widely described as the largest IPO ever completed. SpaceX's stock dropped following its first earnings report as a public company this week, with investors reacting to soaring costs tied to artificial intelligence investment even as the company posted a significant revenue beat. Amazon Offers Cloud Computing StrengthAgainst that backdrop, some investors have pointed to Amazon.com as a more grounded growth alternative. Despite that growth, Amazon's valuation has become more attractive this year as measured by its price-to-earnings ratio. Both companies remain profitable and continue to expand their respective businesses, a contrast some investors say offers a more conventional path to long-term returns compared with the speculative enthusiasm currently surrounding SpaceX shares.