Did SpaceX surpass Amazon in market cap?

Yes, SpaceX reportedly surpassed Amazon's market capitalization for the first time.

Why did Yum! Brands sell Pizza Hut?

To streamline its brand portfolio and focus on KFC and Taco Bell.

How did US indexes perform at midday?

The Dow rose while the S&P 500 and Nasdaq declined.

SpaceX Surpasses Amazon in Market Cap; Yum! Brands Sells Pizza Hut for $2.7B

SpaceX surpassed Amazon in market capitalization, while Yum! Brands announced the sale of Pizza Hut for $2.7 billion. US indexes were mixed at midday.

June 16, 2026

2 min read

Source: MT Newswires

Key Numbers

pizza hut sale price

2.7B

US markets were mixed at midday, with the Dow Jones Industrial Average rising while the S&P 500 and Nasdaq Composite declined.

SpaceX Surpasses Amazon

According to reports, private space company SpaceX has surpassed Amazon (AMZN) in market capitalization for the first time, highlighting the rapid growth of the private space sector. Exact figures have not been disclosed.

Yum! Brands Sells Pizza Hut

Yum! Brands announced the sale of its Pizza Hut chain for $2.7 billion. The deal aims to streamline the company's brand portfolio and focus on KFC and Taco Bell.

Context

The news comes amid market volatility driven by economic data and interest rate expectations. Tech stocks were mixed, with the Nasdaq declining.

What It Means for Investors

The Pizza Hut sale could improve Yum! Brands' operational focus, while SpaceX's valuation milestone underscores opportunities in the private space industry. Investors are closely watching these developments.

Frequently Asked Questions

Pizza Hut was sold for $2.7 billion.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.