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GazetteDirect > Buzz > Why Elon Musk Didn’t Buy Amazon (Despite What You Heard)
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Why Elon Musk Didn’t Buy Amazon (Despite What You Heard)

Last updated: November 16, 2024 11:22 pm
By Shibakshya Rai
7 Min Read
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Amazon Bought By Elon Musk? How This Rumor Took Over the Internet!

We’re in an era where information spreads at such a rapid pace online that it’s become easier than ever for flashy headlines to grab everyone’s attention. Recently, there’s been a claim making rounds that Elon Musk, the billionaire behind Tesla and SpaceX, bought Amazon.

Contents
Elon Musk Didn’t Buy Amazon—Here’s the Real Truth Behind the Viral Rumor!Elon Musk’s SpaceX Outpaces Jeff Bezos’ Blue Origin

While the speculations about the richest man in the world acquiring the largest e-commerce company might sound interesting or even believable to some given Musk’s track record for bold moves, here’s the truth: it’s completely made up.

Elon Musk Didn’t Buy Amazon—Here’s the Real Truth Behind the Viral Rumor!

The claim about Elon Musk potentially buying Amazon seems to have started with a YouTube video titled “Elon Musk Just BOUGHT Amazon & Ends All Competition!” from the channel ‘Elon Musk Rewind’ on November 15, 2024. Like a lot of similar clips, this particular video uses dramatic, speculative language to grab attention. Although it includes disclaimers noting the content is based on unverified info and shouldn’t be taken seriously, the catchy title alone has fueled widespread misinformation.

Rumors about Elon Musk buying Amazon are false.
Rumors about Elon Musk buying Amazon are false. (Photos courtesy of Pinterest)

Here’s why the rumor doesn’t hold up. First off, no major or reliable news outlet has reported anything confirming such a huge takeover. Amazon’s market cap is around $2.13 trillion, so the idea of Musk pulling off a buyout is pretty far-fetched. Musk’s net worth stands at a colossal $303 billion as of November 2024, but even if he sold everything he owns (which would never happen), he’d still be way short of what’s needed to buy Amazon.

Moreover, the rivalry between Musk and Amazon’s founder, Jeff Bezos, is pretty well-known. They’ve been going head-to-head in the space race with SpaceX and Blue Origin, with their competition marked by public jabs and legal fights—not talks of one trying to buy out the other.

Claims that Elon Musk bought Amazon started from a misleading YouTube video.
Claims that Elon Musk bought Amazon started from a misleading YouTube video. (Photo courtesy of YouTube)

The video—the most obvious case of misinformation—going viral is further evidence of how powerful clickbait and speculation are becoming on platforms like YouTube. Such videos often ride the wave of popular figures, like Elon Musk, to generate engagement. They might include a small disclaimer about being speculative, but let’s be real—most viewers are drawn in by the flashy titles and thumbnails and don’t really notice the description.

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This is not the first time someone has dropped a YouTube video about Musk’s supposed acquisition of Amazon. A week earlier, ‘Wealth Up’ posted, “Elon Musk: “I Just Officially Bought Amazon!”” Back in October, another channel called ‘Elon Musk Vault’ spread misinformation with their video, “Elon Musk Just Officially Bought Amazon!” Likewise, ‘Voyager’ published, “Elon Musk: “i am officially buying Amazon”” All these channels have one thing in common—they post fake videos or discuss completely hypothetical scenarios. Either way, their title and thumbnail is utterly misleading.

As of November 2024, Elon Musk’s net worth of $303 billion is far below Amazon’s $2.13 trillion market cap.
As of November 2024, Elon Musk’s net worth of $303 billion is far below Amazon’s $2.13 trillion market cap. (Photos courtesy of Companies Market Cap/Forbes)

Meanwhile, this rumor is a good reminder of how crucial it is to think critically about what you see online. Before jumping on board with sensational claims, make sure to check reliable sources and double-check the facts. Sure, Musk is known for shaking things up, but the idea of him buying Amazon? Total fiction.

Elon Musk’s SpaceX Outpaces Jeff Bezos’ Blue Origin

Elon Musk and Jeff Bezos have enjoyed a long-standing rivalry in the “new space race,” despite contrasting visions, leadership styles, and individual successes. Both are passionate about space exploration, but their approaches and outcomes couldn’t be more different.

Elon Musk and Jeff Bezos’ long-standing rivalry in the space industry makes the idea of an Amazon acquisition extremely unlikely.
Elon Musk and Jeff Bezos’ long-standing rivalry in the space industry makes the idea of an Amazon acquisition extremely unlikely. (Photos courtesy of Pinterest)

SpaceX, started by Musk back in 2002, has shaken up space tech. With game-changing innovations like reusable rockets—think Falcon 9 and Starship—it’s made space travel way cheaper and more regular. Musk’s hands-on approach and gutsy decision-making have been huge drivers behind the company’s rapid progress. He was quick to spot that reusing rockets was the secret to making spaceflight commercially viable—an idea many experts shrugged off at first, but now it’s changed the whole game.

On the flip side, Bezos started Blue Origin back in 2000, but the company’s been way behind SpaceX. Even with all of Bezos’ resources and his focus on Blue Origin after stepping back from Amazon, the company’s been called out for moving too slowly, lacking clear direction, and not achieving much. So far, its biggest win is a suborbital flight with the New Shepard rocket, while its orbital rocket, New Glenn, is still stuck on the ground—more than ten years late.

Elon Musk did not buy Amazon, and the rumors making rounds on social media, notably Twitter, are fake.
Elon Musk did not buy Amazon, and the rumors making rounds on social media, notably Twitter, are fake. (Photos courtesy of Pinterest)

Musk’s sharp execution and vision are on full display with SpaceX’s 175+ successful launches and big NASA contracts. On the other hand, Bezos is struggling to keep up with his slower, step-by-step approach. The rivalry stands out with Musk securing NASA’s prized launchpad 39A, proving SpaceX’s edge in both tech and operations.

Elon Musk’s track record speaks for itself, and it’s not too outlandish to suggest SpaceX, not Blue Origin, is shaping the future of space exploration.

TAGGED:Elon Musk
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