Is Tesla Stock Better Than SpaceX? The Answer Might Surprise You.
SpaceX went public June 12 and already is more valuable than Tesla.
Overview
Space Exploration Technologies (NASDAQ: SPCX) successfully executed one of the largest IPOs in history on June 12. Even after a the stock tumbled this week, SpaceX's valuation is more than Tesla (NASDAQ: TSLA), another trillion-dollar business led by Elon Musk.
Last year, Tesla booked a $3.8 billion profit. SpaceX, meanwhile, recorded a $4.9 billion loss in 2025. From this perspective, Tesla may appear to be the superior investment. After all, why should investors opt for a money-losing business?
Details
A deeper dive, however, reveals a more telling truth: Both companies trade at extremely high valuations. Even with positive profits, Tesla stock trades at more than 370 times earnings. The S&P 500, for comparison, trades at roughly 32 times earnings.
Source
Originally published at www.fool.com.