Relative Intelligence · Aerospace & Defense

How Space Exploration Technologies (SPCX) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on SPCX alone. It places SPCX (Space Exploration Technologies Corp.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken and diversification. The result is a clearer view of where SPCX stands in the market, and of the alternatives worth a closer look.

Period covered: SPCX's full trading record. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

SPCX began trading in June 2026, so it has less than a year of history. This page compares it over the periods it has, so it may be missing long-term perspectives that will appear as its record grows.

Rank the market against SPCX →Chart SPCX vs. 20 alternatives →

On this page3 sections

Key findings

Right nowOver the past 3 months, SPCX rose 23.3% against 3.9% for the S&P 500 and 3.2% for the Nasdaq 100. On the flip side, the slide is SPCX's own: it is 26.8% below its high, against 1.3% for the S&P 500. At a glance ↓
Stock or market?SPCX held up far better than its industry: it rose 23.3% over the past 3 months while the aerospace & defense ETF ITA (iShares U.S. Aerospace & Defense ETF) fell 10.0%. The S&P 500 rose 3.9%.

SPCX at a glance

This section summarizes the key facts about the stock, its returns over the months since it began trading and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: SPCX began trading on June 12, 2026, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or eight other sell-offs.

SPCX is still 26.8% below its all-time high.
SPCX's deepest decline since it began trading in 2026 was 46.4%, from June to August 2026. It has not yet climbed back to that peak.

The company

Market value: $1.9T
Industry: Aerospace & Defense
Price history from: June 2026

Returns

Past 1 month: −2.7%total return
Past 3 months: +23.3%total return

Risk

Worst decline ever: −46.4%Jun 2026 to Aug 2026
From its all-time high: −26.8%below the peak

SPCX against its popular alternatives

The investments people most often weigh against SPCX, compared period by period and year by year.

Has SPCX consistently beaten its popular alternatives?

This section compares SPCX with the investments people most often weigh against it, checking each one over two periods from one month to three months. Counting how often an alternative earned more than SPCX helps separate lasting outperformance from a single strong stretch.

None of the 20 popular alternatives outperformed SPCX in both of its timeframes. The closest was LMT.

A green cell means the alternative earned more than SPCX over that period. "Qualified" marks those that did so in both of its periods.

Investment	Periods outperformed	Short term		Risk	Fund
Investment	Periods outperformed	1M	3M	Worst declinepast 10 years	Expense	Assets	Overlapsame sectors
SPCX Space Exploration Technologies Corp. (this page)	—	−2.7%	+23.3%	—	—	$1.9T	—
LMT Aerospace & DefenseLockheed Martin Corporation	1/2 short	+2.5%	+8.4%	−36.7%	—	$127B	—
GSAT Telecommunications ServicesGlobalstar, Inc.	1/2 short	+0.4%	+5.1%	−89.5%	—	$11B	—
AMZN Specialty RetailAmazon.com, Inc.	1/2 short	+1.6%	+5.1%	−56.1%	—	$2.8T	—
NOC Aerospace & DefenseNorthrop Grumman Corporation	1/2 short	+1.4%	+2.4%	−37.8%	—	$76B	—
RTX Aerospace & DefenseRTX Corporation	1/2 short	−0.5%	−0.2%	−52.0%	—	$261B	—
HEI Aerospace & DefenseHEICO Corporation	1/2 short	+0.7%	−10.3%	−57.7%	—	$43B	—
LHX Aerospace & DefenseL3Harris Technologies, Inc.	1/2 short	+0.7%	−10.9%	−38.2%	—	$46B	—
SATL Aerospace & DefenseSatellogic Inc.	0/2 short	−33.9%	+3.4%	−94.4%	—	$528M	—
RDW Aerospace & DefenseRedwire Corp	0/2 short	−28.4%	−3.5%	−87.3%	—	$2.1B	—
IRDM Telecommunications ServicesIridium Communications Inc.	0/2 short	−8.9%	−5.0%	−75.3%	—	$4.7B	—
SPCE Aerospace & DefenseVirgin Galactic Holdings, Inc.	0/2 short	−28.4%	−7.4%	−99.8%	—	$305M	—
BA Aerospace & DefenseThe Boeing Company	0/2 short	−5.3%	−9.1%	−77.9%	—	$151B	—
VSAT Communication EquipmentViasat, Inc.	0/2 short	−21.2%	−13.4%	−92.8%	—	$8.3B	—
SPIR Specialty Business ServicesSpire Global, Inc.	0/2 short	−26.7%	−20.0%	−97.7%	—	$343M	—
HWM Aerospace & DefenseHowmet Aerospace Inc.	0/2 short	−6.9%	−22.1%	−68.9%	—	$84B	—
RKLB Aerospace & DefenseRocket Lab USA, Inc.	0/2 short	−27.2%	−22.6%	−83.0%	—	$30B	—
BKSY Software - ApplicationBlackSky Technology Inc.	0/2 short	−27.2%	−22.8%	−96.6%	—	$690M	—
LUNR Aerospace & DefenseIntuitive Machines, Inc.	0/2 short	−33.0%	−23.8%	−97.4%	—	$2.1B	—
ASTS Telecommunications ServicesAST SpaceMobile, Inc.	0/2 short	−33.5%	−28.4%	−91.1%	—	$17B	—
PL Aerospace & DefensePlanet Labs PBC	0/2 short	−21.5%	−39.5%	−85.7%	—	$4.6B	—

Open these 21 in EasyCompare

Risk and diversification

How SPCX has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were SPCX's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents SPCX's deepest drawdown since it began trading in 2026, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: SPCX began trading on June 12, 2026, so this list cannot include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

Not every decline was the market's doing: SPCX fell 46.4% from June to August 2026, while the S&P 500 rose 2.9%.

Green means SPCX fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

During	SPCX fell	S&P 500, same dates	Peak	Low	Time to the low	Back at the peak	Time to recover
No named crash	−46.4%	+2.9%	Jun 2026	Aug 2026	2 months	Not yet	—

Common questions

What was SPCX's worst drawdown?

SPCX's deepest decline since it began trading in 2026 was 46.4%, from June to August 2026. It has not yet climbed back to that peak. Because SPCX launched in June 2026, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.

What are the best alternatives to SPCX?

None of the 20 popular alternatives we compared outperformed SPCX in both of its timeframes, which says more about SPCX's strength than about its alternatives.

How we measure

Short-term periods are 1M, 3M. An investment outperformed in a period when its total return, with dividends reinvested, was higher than SPCX's. Returns within 0.5 points or 3% of SPCX's, whichever is larger, count as a tie.
"Qualified" means outperforming in both of its periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.