SPCX vs the rest of the space tape.
Live charts and side-by-side context for the six public stocks investors compare to SpaceX: Tesla (TSLA), Rocket Lab (RKLB), AST SpaceMobile (ASTS), Iridium Communications (IRDM), Intuitive Machines (LUNR), plus historical precedent Saudi Aramco. Charts via TradingView; commentary based on each company's most recent SEC filings.
Public peers at a glance.
| Company | Ticker | Market Cap | Trailing Rev | YoY Growth | Profitability |
|---|---|---|---|---|---|
| SpaceX (target) | SPCX | ~$1.75T | $18.7B | +33% | Net loss |
| Tesla | TSLA | ~$1.0T | ~$96B | Modest | Profitable |
| Rocket Lab | RKLB | ~$15–25B | ~$0.6B | +50%+ | Approaching |
| AST SpaceMobile | ASTS | ~$10–15B | ~$0–0.1B | Pre-revenue | Net loss |
| Iridium Communications | IRDM | ~$3–4B | ~$0.9B | Low single | Profitable |
| Intuitive Machines | LUNR | ~$1B | ~$0.25B | +~75% | Net loss |
Market caps and trailing financials are approximate as of May 2026 and may have shifted. Refer to each company's most recent 10-K or 10-Q for exact numbers.
One paragraph each.
vs Tesla (TSLA)
Tesla is the obvious comparable because of the shared CEO. The pattern is real: Musk-led public companies trade at structural premiums to discounted-cash-flow fair value, and Tesla has done so for fifteen years. But the businesses are different. TSLA is a vertically integrated automaker plus energy storage, profitable, ~10–12× sales. SPCX is a connectivity-and-launch operator with a binary Starship optionality bet, targeting ~94× sales. The Musk premium is one input to the SPCX multiple but not sufficient on its own.
vs Rocket Lab (RKLB)
RKLB is the cleanest narrow comparable: the only other publicly traded pure-play launch + space-systems operator. Electron (small lift) and Neutron (medium lift, in development) parallel Falcon and Starship in concept, though at meaningfully smaller scale. RKLB also operates a space-systems business (satellite buses, components) that gives it a different revenue mix from SpaceX. The gap between RKLB's ~10–18× P/S and SPCX's target ~94× is the entire Starlink connectivity layer plus Starship optionality.
vs AST SpaceMobile (ASTS)
ASTS competes directly with Starlink Direct to Cell — both are building space-to-handset connectivity at meaningful scale. ASTS is earlier-stage and pre-revenue-at-scale; its valuation is pure optionality on building a global D2C constellation. Starlink already has D2C in commercial service with T-Mobile US. ASTS is the higher-beta bet on the same end-market; SPCX has incumbency. The two are not mutually exclusive — bears on Starlink D2C economics are often longs on ASTS.
vs Iridium Communications (IRDM)
IRDM is a legacy LEO satellite communications operator, profitable, paying down debt, slow-growth. It serves a different end-market (machine-to-machine, government, maritime narrowband) and trades at ~4–6× P/S — the multiple of a mature, predictable cash flow business. IRDM is what Starlink would look like in 15 years if SpaceX failed to maintain growth. The current SPCX multiple assumes that scenario is not the base case.
vs Intuitive Machines (LUNR)
LUNR is a small, capital-light lunar-services contractor — its IM-1 lander reached the lunar surface in 2024, and the company has NASA CLPS contracts for follow-up missions. The comparison to SpaceX is asymmetric: capital-light vs capital-heavy, lunar focus vs all-orbits focus, sub-$1B revenue vs $18.7B revenue. LUNR is a useful comparable for understanding how the market values a small, growing space services company — and it makes plain how different the SPCX scale and multiple really are.
vs Saudi Aramco (ARAMCO)
The historical IPO precedent. Aramco priced its 2019 IPO at $25.6/share, raising $29.4 billion at a $1.7 trillion implied valuation — until SPCX, the largest IPO ever. The size record is the only direct parallel. Aramco was a profitable, dividend-paying, mature oil and gas business with audited financial history spanning decades. SPCX is growth-stage, unprofitable, with binary technical optionality. Aramco's listing was sold heavily to Saudi domestic accounts; SPCX is distributed globally across a 23-bank syndicate. The shared lesson: even at $29.4B, Aramco's secondary trading was choppy in the first year. Demand at the offer does not guarantee performance after.