- DoorDash has outperformed SpaceX by 48% since the rocket company’s IPO on June 12, 2026.
- SpaceX has crashed 6% and lost $1 trillion in market capitalization, while DoorDash has gained 42%.
- A $10,000 investment in DoorDash at the IPO open would now be worth $14,200; the same bet on SpaceX would be worth $9,400.
DoorDash has trounced SpaceX since Elon Musk’s rocketship company launched for public trading at $150 per share on June 12. DoorDash has increased in value by 42%, while SpaceX has crashed 6% and famously lost $1 trillion of market capitalization for its investors.
Measuring the drawdown from SpaceX’s peak is even more embarrassing. Since June 16, SpaceX has declined 37%, hitting an intraday high of $225.64 that day, and performance has been down-only since.
Consequently, almost everyone has unrealized losses on SpaceX as a reward for patiently holding their IPO investment. Insiders who bought at the pre-Nasdaq open of $135 per share are the only shareholders who could possibly have an unrealized gain.
DoorDash Dash/historical”>opened for trading at $155.24 per share on June 12, while SpaceX began trading at $150. Both companies reported quarterly results during this comparison period, with management asking investors to process entirely different numbers.
Earlier this month, DoorDash reported 970 million delivery orders, $33.1 billion of marketplace gross order value, and $4.5 billion of revenue. It also generated $944 million of operating cash flow and $742 million of free cash flow.
Meanwhile, SpaceX filed its own quarterly results, revealing revenue of $7.8 billion but a loss of $541 million. The company also disclosed $18.4 billion worth of capital expenditures.
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