SpaceX and Amazon Compete in Cloud AI and Satellite Markets

SpaceX and Amazon compete directly in cloud computing, AI infrastructure and satellite connectivity, Fortune reported. The companies command a combined market value of roughly $4.5 trillion. Amazon generated $716.9 billion in revenue and $80 billion in operating income in 2025.

SpaceX generated $18.7 billion in revenue and posted a $2.6 billion operating loss the same year. Both firms operate satellite internet networks and invest in hyperscale data centers. Klaviyo appointed Erica Smith chief financial officer effective Sept.

1. Smith succeeds Amanda Whalen, who announced her departure in May and will serve in an advisory role through November. Smith previously served as CFO of CyberArk, which Palo Alto Networks recently acquired.

CoStar Group named Robin Rossmann chief financial officer effective July 31. Rossmann succeeds Christian Lown, who is leaving to pursue an opportunity outside the company's industry. Rossmann currently serves as managing director for Europe.

The Work AI Index 2026 by Glean found that 87 percent of surveyed digital workers use AI tools that save them about 11 hours per week. Only 13 percent said their organizations performed better as a result, while 69 percent admitted shipping AI-assisted work they had not fully verified.

Lara Balazs, Adobe chief marketing officer, said executives must maintain regular contact with the CFO, CIO and CTO to avoid disadvantage in enterprise decisions.