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 | SPCX | ≈$1.9T (Nov 3 close) | ≈$32.0B (TTM) | +161% (Q3 '26) | Q3 '26 profit; 9M '26 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 |
SPCX row updated Nov 4, 2026: market cap at the Nov 3, 2026 close of $141.31; trailing-twelve-month revenue derived from the S-1 and SpaceX's Q2 and Q3 2026 8-K earnings releases; Q3 2026 net income $4.404B against a $(413)M nine-month net loss. Peer 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 as of May 2026. SPCX is a connectivity, launch, and AI-compute operator with Starship optionality on top; it priced at ~94× FY2025 sales and traded at roughly 60× trailing revenue at the Nov 3, 2026 close (derived). The Musk premium is one input to the SPCX multiple but not sufficient on its own. The two may also converge: on SpaceX's Q3 2026 call, Musk said Tesla and SpaceX had formed special committees to consider a merger, adding that they "have not reached agreement on the terms of any transaction."
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 (May 2026) and SPCX's ~60× trailing multiple at the Nov 3, 2026 close is the entire Starlink connectivity layer — $5.25B of Connectivity revenue in Q3 2026 alone — plus SpaceX's AI business and 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 SpaceX's ≈$32B of trailing-twelve-month 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: SPCX raised about $75B in its base deal and roughly $86B including the exercised greenshoe. Aramco was a profitable, dividend-paying, mature oil and gas business with audited financial history spanning decades. SPCX is growth-stage and pays no dividend; it posted its first quarterly profit as a public company in Q3 2026 but remained loss-making over the first nine months of the year. 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 — and SPCX has swung from a $225.64 intraday high on June 16 to a $104.83 intraday low on Aug 3, closing at $141.31 on Nov 3, 2026. Demand at the offer does not guarantee performance after.