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SpaceX vs Tesla - Updated June 11, 2026

SpaceX vs Tesla: Which Musk Stock Should You Buy?

SpaceX is finally public at $1.5T-$1.8T. Tesla is trading near $1.1T after a multi-year consolidation. If you can only buy one, which? Side by side breakdown of business, valuation, growth, risk and broker picks.

By James MorganUpdated June 11, 2026

SpaceX going public on Nasdaq triggers an obvious question for every existing Tesla shareholder: do I sell some TSLA to buy SPCX? And for new investors entering Musk exposure for the first time, which one?

This guide compares both side by side across the 12 dimensions that actually matter, then gives a clear recommendation by investor profile.

Short answer: If you have to choose one, SpaceX (SPCX) has the higher expected return but with much higher volatility. If you can own both, a 60% TSLA / 40% SPCX split balances mature profitability with hyper-growth optionality.

12-point comparison

DimensionSpaceX (SPCX)Tesla (TSLA)
TickerSPCX (Nasdaq, June 2026)TSLA (Nasdaq, since 2010)
Market cap$1.5T to $1.8T indicative~$1.1T (June 2026)
Main businessLaunch services + Starlink (satellite internet)EVs + energy storage + robotics + autonomy
Revenue growth (TTM)~70% YoY (Starlink scaling)~12-18% YoY
Profitable?Yes (Starlink contribution + government contracts)Yes (auto + energy)
Largest revenue driverStarlink consumer/enterprise subscriptionsAuto sales
Optionality (long-term moonshots)Mars colonization, point-to-point earth transport, mega Starlink constellationRobotaxi, Optimus humanoid, Energy mega-storage
Government revenue exposureHigh (NASA, DoD, intelligence)Medium (regulatory credits historically)
CompetitionBlue Origin, Rocket Lab, ULA, AST SpaceMobile (Starlink)BYD, GM, Ford, Hyundai, Chinese EV makers
Volatility (expected)Very high (new listing, no history)Moderate to high
DividendNone expectedNone
Best brokereToro (real shares), AvaTrade (CFD)eToro, FP Markets

When SpaceX is the better buy

You want hyper-growth exposure: Starlink revenue is growing ~70% YoY, with massive Total Addressable Market in satellite broadband. You want optionality on space economy themes (Mars, lunar, point-to-point earth transport). You can tolerate IPO volatility (20-40% swings in the first 90 days).

When Tesla is the better buy

You want mature profitability with audited 15-year history. You believe in autonomy / robotaxi / Optimus as the long-term moat. You prefer lower volatility (Tesla is volatile but tame compared to a fresh IPO). You want a price-tested support level rather than a chaotic price discovery period.

The both-and play (probably the right answer)

Most allocators we talk to are running 60% TSLA / 40% SPCX. Tesla gives you the mature compounder with profitability. SpaceX gives you the high-growth upside with optionality. Together they hedge Musk-narrative risk across two different industry exposures. Use eToro to hold both real shares on one login.

Own both. One platform.

eToro lists both TSLA and SPCX with zero commission, fractional shares from $10. Best EU/UK platform for the 60/40 Musk basket.

Open eToro AccountCFD on Both - AvaTrade

FAQs

Will SpaceX overtake Tesla in valuation?
On day 1 it likely already does. SpaceX is expected to IPO at $1.5-1.8T while Tesla sits around $1.1T as of June 2026. The question is whether the SpaceX premium is justified by growth (~70% YoY revenue) vs Tesla's slower-but-profitable growth.
Are SpaceX and Tesla correlated?
Both are Musk-led companies, so they share key-person risk and narrative correlation (Musk Twitter posts, political headlines). But fundamentally they're in completely different industries (launch + satellite internet vs autos + energy) so business-cycle correlation is low. Owning both is reasonable diversification of Musk-narrative exposure.
Which has higher growth potential?
SpaceX, by most analyst models. Starlink is in a hyper-growth phase (~70% revenue YoY) with a TAM (satellite broadband) measured in hundreds of billions. Tesla growth is moderating as the EV market matures. SpaceX upside also includes optionality on Mars and point-to-point earth transport that Tesla doesn't have.
Which is safer?
Tesla, by virtue of being a public company since 2010 with audited financials, 15+ years of operational history, and a more mature share register. SpaceX is a new listing with the full uncertainty of any IPO and limited public financial history beyond the S-1.
Can I own both through one broker?
Yes. eToro, AvaTrade, FP Markets, Plus500, Vantage, and IG all list both TSLA and SPCX (once SpaceX is publicly trading). For the cleanest combined real-shares-plus-CFD setup, eToro is the top pick.
Should I sell Tesla to buy SpaceX?
Not necessarily. They're fundamentally different bets. SpaceX is a launch + satellite story. Tesla is an autos + energy + autonomy story. Selling one to buy the other concentrates your portfolio in a single Musk theme. A 50/50 split keeps both bets alive without overconcentration.
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